Tesla kept its Bitcoin holdings unchanged at 11,509 BTC, extending a stretch of nearly four years without buying or selling the cryptocurrency, according to ChainCatcher. The company recorded an after-tax impairment loss of $112 million on its digital asset holdings. During the second quarter, Bitcoin fell 14% from about $83,000 to $58,000 before recovering to roughly $65,840. Tesla also reported second-quarter revenue of $28.2 billion, which came in above expectations, while adjusted earnings per share were $0.33, below expectations. The update combines Tesla’s crypto position, the quarter’s Bitcoin price swing, and the company’s latest earnings figures.
Tesla's Bitcoin holdings remained unchanged at 11,509 BTC, extending a period of nearly four years in which the company has neither bought nor sold the cryptocurrency, according to ChainCatcher.
The company recorded an after-tax impairment loss of $112 million on its digital asset holdings.
In the second quarter, Bitcoin fell 14% from about $83,000 to $58,000, then recovered to around $65,840.
Tesla reported second-quarter revenue of $28.2 billion, above expectations. Adjusted earnings per share came in at $0.33, below expectations.
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