Tesla’s Bitcoin position remained unchanged for the fourth consecutive year, according to CoinDesk, with the company still holding 11,509 BTC. The report said Tesla recorded an impairment loss of about $112 million on those holdings in the second quarter. The charge was tied to a 14% decline in Bitcoin’s price during the quarter. The update points to stability in Tesla’s crypto holdings even as market weakness affected the value of the position on its books.
CoinDesk reported that Tesla’s Bitcoin holdings have remained unchanged for a fourth straight year at 11,509 BTC.
The report said Tesla recorded an impairment loss of about $112 million on that position in the second quarter after Bitcoin’s price fell 14% during the period.
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