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 | 71.6% | 54 | $27 633.20 | -0.02% | 2.44% | $534 060 036 937 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.6% | 39 | $1 749.35 | -0.49% | -0.84% | $214 074 957 233 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $1.001019 | -0.11% | -0.16% | $78 566 092 119 |  |
|
| 4 |  BNB |
Binance Coin predictions | 75.6% | 51 | $323.33 | -0.83% | -3.57% | $51 051 275 960 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.4% | 2 | $0.999720 | 0.07% | -0.02% | $34 404 469 197 |  |
|
| 6 |  XRP |
XRP predictions | 86% | 21 | $0.425604 | -5.31% | 12.54% | $21 684 894 622 |  |
|
| 7 |  HEX |
HEX predictions | 59.2% | 82 | $0.097262 | -21.83% | 8.78% | $16 866 375 361 |  |
|
| 8 |  ADA |
Cardano predictions | 74.8% | 43 | $0.360665 | -3.32% | 4.16% | $12 522 887 479 |  |
|
| 9 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 70.8% | 51 | $0.074732 | -3.91% | -1.34% | $9 914 772 100 |  |
|
| 11 |  MATIC |
Polygon predictions | 77.6% | 48 | $1.11 | -1.86% | -9.15% | $9 659 567 617 |  |
|
| 12 |  SOL |
Solana predictions | 75.2% | 52 | $21.59 | -1.00% | 4.01% | $8 284 331 535 |  |
|
| 13 |  BUSD |
Binance USD predictions | 96% | 1 | $0.993449 | -0.65% | -0.74% | $8 011 194 439 |  |
|
| 14 |  DOT |
Polkadot predictions | 73.6% | 49 | $6.13 | -1.26% | -6.49% | $7 164 137 045 |  |
|
| 15 |  LTC |
Litecoin predictions | 72% | 58 | $90.76 | -0.41% | 6.89% | $6 584 394 664 |  |
