Tesla didn’t buy or sell any of its Bitcoin holdings during the last three months. The company still owns 11,509 Bitcoin, even though the price of Bitcoin fell 14% during that time.
Tesla recently reported a loss of $112 million due to the decreased value of its digital assets, like Bitcoin. The company hasn’t purchased or sold any Bitcoin since 2022.
Bitcoin’s price dropped from around $83,000 to about $58,000 between April and the end of June, influenced by general economic uncertainty and fluctuations in the market. It is currently trading at $65,840.
As an analyst tracking digital assets, I’ve observed that Tesla still holds a substantial amount of Bitcoin compared to many public companies. However, it’s important to note their holdings are now considerably less than those of firms like Strategy, who have been consistently adding to their Bitcoin reserves.
Tesla recently provided an update on its cryptocurrency holdings while also releasing its second-quarter financial results, which were a mix of good and bad news. While the company earned $0.33 per share (adjusted), this fell short of what analysts predicted ($0.55). However, revenue reached $28.2 billion, exceeding expectations of $27.6 billion.
The company’s profit margin after accounting for the cost of goods sold was 16.8%. Net income, calculated according to Generally Accepted Accounting Principles (GAAP), reached $1.11 billion. However, the company experienced negative free cash flow of $1.1 billion during the quarter.
Existing accounting rules require companies to report losses in value for their digital assets as part of their earnings. Even though Bitcoin’s price has recently gone up – it was around $65,840 – this loss reflects how much Tesla’s Bitcoin holdings were worth during the time period being reported.
As a crypto investor, I’ve been watching Tesla’s Bitcoin moves closely. They bought $1.5 billion worth back in early 2021 and even took it as payment for cars briefly, but stopped that due to environmental worries. Last year, they sold off about three-quarters of their Bitcoin, but surprisingly, they’ve held onto the remaining 11,509 BTC ever since – basically unchanged for almost four years now.
2026-07-22 23:56