Elon Musk's Tesla Sits On $284 Million Bitcoin Windfall In Q2

Benzinga

Tesla reported over $280 million in unrealized gains on its cryptocurrency holdings in Q2, driven by a 30% rise in Bitcoin’s price, according to Benzinga. Tesla’s balance sheet listed $1.235 billion in digital assets for the second quarter, reflecting a nearly 30% increase from the prior quarter. This led to $284 million in unrealized gains, reversing the $125 million loss reported in the previous quarter. Tesla does not disclose a breakdown of its crypto holdings, but Arkham Intelligence reports its entire $1.37 billion stockpile consists of Bitcoin. Tesla began its Bitcoin investment in January 2021 with a $1.5 billion purchase. Bitcoin closed the second quarter up approximately 30%.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla reported over $280 million in unrealized gains on its cryptocurrency holdings in Q2,

00:07driven by a 30% rise in Bitcoin's price, according to Benzinga.

00:11Tesla's balance sheet listed $1.235 billion in digital assets for the second quarter,

00:16reflecting a nearly 30% increase from the prior quarter.

00:19This led to $284 million in unrealized gains versus the $125 million loss reported in the

00:24previous quarter.

00:25Tesla does not disclose a breakdown of its crypto holdings,

00:28but Arkham Intelligence reports its entire $1.37 billion stockpile consists of Bitcoin.

00:34Tesla began its Bitcoin investment in January 2021 with a $1.5 billion purchase.

00:40Bitcoin closed the second quarter of approximately 30%.

00:42For all things money, visit Benzinga.com.

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