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 | 90.8% | 2 | $27 060.57 | 2.57% | 1.46% | $527 654 007 369 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 90% | 5 | $1 675.53 | 3.68% | 4.95% | $201 459 487 311 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000845 | 0.16% | 0.08% | $83 346 901 195 |  |
|
| 4 |  BNB |
Binance Coin predictions | 91.6% | 4 | $216.29 | 1.61% | 2.38% | $33 275 819 779 |  |
|
| 5 |  XRP |
XRP predictions | 92.4% | 9 | $0.508986 | 2.05% | -0.02% | $27 135 264 539 |  |
|
| 6 |  USDC |
USD Coin predictions | 92% | 1 | $1.000627 | 0.06% | 0.04% | $25 546 311 582 |  |
|
| 7 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 82.8% | 24 | $0.088277 | 4.40% | 6.03% | $8 975 631 926 |  |
|
| 9 |  ADA |
Cardano predictions | 94.4% | 6 | $0.252515 | 3.14% | 2.93% | $8 870 464 805 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 91.2% | 4 | $0.061846 | 1.83% | 0.18% | $8 732 826 301 |  |
|
| 11 |  SOL |
Solana predictions | 88.8% | 20 | $20.21 | 5.47% | 2.45% | $8 344 217 667 |  |
|
| 12 |  TRX |
TRON predictions | 82.8% | 22 | $0.088719 | 4.86% | 6.27% | $7 903 170 455 |  |
|
| 13 |  TON |
Toncoin predictions | 62.8% | 84 | $2.23 | 2.50% | -3.09% | $7 667 083 649 |  |
|
| 14 |  DAI |
Dai predictions | 95.6% | 1 | $0.999875 | 0.01% | 0.01% | $5 347 220 318 |  |
|
| 15 |  DOT |
Polkadot predictions | 90.8% | 7 | $4.10 | 1.87% | 1.81% | $5 032 931 540 |  |
