Tags: Tesla Motors

Tesla held onto its sizeable Bitcoin bags in the third quarter and upped its spending on artificial intelligence and research and development.

Dogecoin‘s 2021 and 2023 price rallies have largely been sparked by Elon Musk but the latter still has much more room to run if history repeats.

Tesla‘s remaining Bitcoin stash has grown 100 from its November 2022 lows, demonstrating that hodling BTC can indeed pay off.

The EV maker continued to hold its estimated 9,720 Bitcoin, only losing $34 million on its investment due to price declines towards the end of 2022.

When Musk backtracked on accepting Bitcoin payments for Tesla, he believed that Dogecoin — “even though it was created as a silly joke” — was better suited for transactions.