CoinDesk·3 min read·medium
Tesla holds bitcoin treasury steady, reports $112M impairment loss
H
Helene Braun
✦AI Summary
Tesla reported a $112 million impairment loss on its bitcoin holdings in its second-quarter earnings, despite maintaining its position of 11,509 BTC. The company has not bought or sold any bitcoin since 2022, and the loss reflects accounting requirements for digital asset valuation during a period of market volatility.
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.
businesscryptoeconomy
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