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Prahar Khisa
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🟠 Tesla holds nearly $1B in $BTC on its balance sheet #Tesla continues to hold a significant Bitcoin position on its balance sheet, years after the EV maker made its initial $1.5 billion investment in the asset. The company's current Bitcoin holdings are valued at close to $1 billion, reflecting both market fluctuations and any disposals made since the original purchase under #ElonMusk's direction. Tesla remains one of the most prominent publicly traded companies with direct Bitcoin exposure on its books.
🟠 Tesla holds nearly $1B in $BTC on its balance sheet

#Tesla continues to hold a significant Bitcoin position on its balance sheet, years after the EV maker made its initial $1.5 billion investment in the asset.

The company's current Bitcoin holdings are valued at close to $1 billion, reflecting both market fluctuations and any disposals made since the original purchase under #ElonMusk's direction.

Tesla remains one of the most prominent publicly traded companies with direct Bitcoin exposure on its books.
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Binance News
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Tesla Holds 11,509 BTC and Records $112 Million Impairment Loss
Tesla kept its Bitcoin holdings unchanged at 11,509 BTC, maintaining nearly four years without buying or selling the cryptocurrency. According to Odaily, the company also recorded a post-tax impairment loss of $112 million on its digital asset holdings.

Bitcoin fell 14% in the second quarter from about $83,000 to $58,000 before rebounding to about $65,840. Tesla reported second-quarter revenue of $28.2 billion, which was above expectations, while adjusted earnings per share came in at $0.33, below expectations.
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