News Explorer — Tesla’s Digital Asset Holdings Remain at $184 Million

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Tesla’s Digital Asset Holdings Remain at $184 Million

Tesla’s digital asset holdings remained unchanged at $184 million on its balance sheet in the second quarter, despite the rise in Bitcoin’s price. Accounting rules prevent unrealized gains on crypto from being recorded. Tesla had bought $1.5 billion worth of Bitcoin in February 2021 but sold about 75% of its stack in the second quarter of 2022, reducing its total to $218 million. CEO Elon Musk stated that the company is open to increasing its Bitcoin holdings in the future.

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