"Musk is good, he's steady even if the crypto market falls."
The fourth quarter earnings report revealed that Tesla electric vehicle (EV) founder Elon Musk did not make any changes to his Bitcoin (BTC) holdings despite the volatile market.
According to the report ending December 31, 2022, Tesla was found to be holding around $184 million in digital assets, down from $218 million in the previous quarter.
The decline comes on the back of BTC's fall in the October-December quarter, where on September 30 it was around $19,500, before plunging nearly 15% to $16,600 by December 31.
For the record, Tesla also maintained its Bitcoin holdings in the third quarter after selling 75% of its holdings in the second quarter.
Following the sale, it added $936 million in cash to its books with a profit of $64 million.
Although Tesla's latest report on January 25 did not discuss the total BTC holdings, it is estimated to hold over 9,720 of the digital asset so far.
Overall, the EV maker posted a profit of $3.7 billion, 59% higher than the same period last year, with revenue jumping 37% to $24.3 billion in the fourth quarter.
