Bitcoin Price Prediction: Tesla Diamond Handing Its BTC Even With $112 Million Loss

Tesla absorbed a $112 million after-tax impairment loss on its Bitcoin holdings last quarter, and the latest Bitcoin price prediction debate centers on whether its decision to hold reflects conviction or patience. Bitcoin is currently trading around $66,500, down about 0.6% over the past 24 hours. That question could shape sentiment more than many investors expect.

According to Tesla’s Q2 earnings release, the company still held 11,509 BTC. That is the same position it has maintained since selling roughly 75% of its original stake in 2022. The impairment charge followed Bitcoin’s sharp decline during Q2, although Tesla kept its treasury untouched throughout the quarter.

Meanwhile, Tesla’s earnings delivered mixed results. Non-GAAP EPS came in at $0.33, missing the $0.55 consensus estimate. However, revenue reached $28.2 billion, beating expectations of $27.6 billion. Even so, the company made no changes to its Bitcoin holdings despite the earnings miss.

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