Tesla Retains Bitcoin Holdings Despite $112 Million Q2 Impairment Loss

Tesla maintained its Bitcoin holdings at 11,509 BTC throughout the second quarter, despite a sharp decline in the cryptocurrency’s price during the period. The company recorded a $112 million after-tax impairment loss on its digital asset portfolio, reflecting lower valuations of Bitcoin (BTC) during the quarter. Tesla has not purchased or sold BTC since 2022. […]