Elon Musk's Tesla Holds Its $1.3B Bitcoin Position in Q2
Despite its recent concerns about bitcoin’s environmental impact, Tesla hasn’t sold any more bitcoin. Elon Musk's electric vehicle company reported no new sales or purchases of digital assets, according to its Q2 earnings presentation Monday. The company holds $1.3 billion in bitcoin.
Tesla announced in February it had purchased $1.5 billion worth of bitcoin. Later in Q1, the company trimmed its bitcoin position by 10%, a sale that boosted that quarter’s earnings by $272 million. Recently, Musk also revealed that one of his privately-owned companies, SpaceX, holds bitcoin.
Tesla reported a $23 million impairment on its bitcoin holdings. This is because bitcoin is considered an inventory asset, which means that under Generally Accepted Accounting Principles its value is recorded at the lowest price bitcoin hit in the quarter.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 66.8% | 74 | $60 252.30 | -1.62% | -1.26% | $1 135 935 887 079 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 71.2% | 59 | $4 018.12 | -2.21% | 5.61% | $474 376 781 470 |  |
|
| 3 |  BNB |
Binance Coin predictions | 68.8% | 62 | $473.38 | -1.64% | 1.64% | $78 960 770 465 |  |
|
| 4 |  ADA |
Cardano predictions | 89.2% | 13 | $2.12 | -1.64% | -1.97% | $69 627 800 399 |  |
|
| 5 |  USDT |
Tether predictions | 92% | 1 | $1.000291 | -0.03% | 0.04% | $69 594 352 711 |  |
|
| 6 |  SOL |
Solana predictions | 70.8% | 56 | $189.40 | -3.30% | 18.36% | $57 001 510 155 |  |
|
| 7 |  XRP |
XRP predictions | 76.8% | 49 | $1.078786 | -0.88% | -3.63% | $50 645 066 240 |  |
|
| 8 |  DOT |
Polkadot predictions | 59.2% | 82 | $42.08 | -3.54% | 1.93% | $41 561 903 600 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 69.6% | 60 | $0.256259 | 2.18% | 8.35% | $33 782 163 270 |  |
|
| 10 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000258 | -0.06% | 0.04% | $32 574 092 120 |  |
|
| 11 |  LUNA |
Terra predictions | 67.6% | 61 | $40.61 | -4.86% | 10.46% | $16 301 378 596 |  |
|
| 12 |  UNI |
UniSwap predictions | 77.6% | 42 | $25.72 | -3.26% | -2.22% | $15 732 380 214 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 58.8% | 92 | $0.000038 | 13.53% | 50.59% | $15 098 126 510 |  |
|
| 14 |  AVAX |
Avalanche predictions | 71.2% | 61 | $63.71 | -2.12% | 12.40% | $14 033 729 136 |  |
|
| 15 |  LINK |
Chainlink predictions | 72.4% | 50 | $29.63 | -3.22% | 10.93% | $13 659 959 203 |  |
