Tesla holds bitcoin treasury steady, reports $112M impairment loss
Tesla (TSLA) held its bitcoin BTC$65,886.29 holdings unchanged during the second quarter, maintaining its treasury of 11,509 BTC as the cryptocurrency’s price declined 14% over the three-month period. The electric vehicle maker reported an after-tax impairment loss of $112 million on its digital asset holdings, according to its latest earnings release. Tesla has neither bought nor sold any bitcoin since 2022.