Tesla holds 11,509 BTC for nearly four years without buying or selling, recording $112 million in impairment losses
2026-07-22 20:41
Odaily Planet Daily News Tesla's bitcoin reserve remains unchanged at 11,509 BTC, continuing a nearly four-year period without buying or selling the cryptocurrency, and recorded a $112 million after-tax impairment loss on its digital asset holdings.
Bitcoin fell 14% from approximately $83,000 to $58,000 in the second quarter, before recovering to around $65,840. Tesla reported second-quarter revenue of $28.2 billion, beating expectations, while adjusted earnings per share came in at $0.33, missing estimates.
Bitcoin fell 14% from approximately $83,000 to $58,000 in the second quarter, before recovering to around $65,840. Tesla reported second-quarter revenue of $28.2 billion, beating expectations, while adjusted earnings per share came in at $0.33, missing estimates.
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