Tesla holds bitcoin treasury steady, reports $112M impairment loss
The electric vehicle maker maintained its 11,509 BTC treasury through the second quarter as bitcoin declined 14%, alongside mixed earnings that beat revenue expectations but missed on profit.
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Summary
- Tesla held its bitcoin treasury unchanged at 11,509 BTC, extending a nearly four-year streak without buying or selling the cryptocurrency, with an after-tax impairment loss of $112 million on its digital asset holdings.
- Bitcoin dropped 14% during the second quarter, from about $83,000 to $58,000, before rebounding to around $65,840.
- Tesla reported mixed second-quarter results, with revenue beating estimates at $28.2 billion while adjusted EPS missed expectations at $0.33.
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Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
