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 | 60% | 87 | $28 953.50 | -4.17% | -3.67% | $551 514 958 969 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 58% | 88 | $1 929.37 | -6.11% | -6.26% | $233 271 604 070 |  |
|
| 3 |  USDT |
Tether predictions | 92% | 1 | $0.999062 | 0% | 0.01% | $73 206 337 226 |  |
|
| 4 |  USDC |
USD Coin predictions | 95.2% | 1 | $1.000165 | 0.02% | 0.01% | $53 264 489 963 |  |
|
| 5 |  BNB |
Binance Coin predictions | 56% | 88 | $316.54 | -3.99% | 4.58% | $51 683 254 368 |  |
|
| 6 |  XRP |
XRP predictions | 58.4% | 91 | $0.397236 | -6.29% | -7.17% | $19 203 606 558 |  |
|
| 7 |  BUSD |
Binance USD predictions | 91.6% | 1 | $1.000278 | 0.11% | 0.03% | $18 328 809 687 |  |
|
| 8 |  ADA |
Cardano predictions | 56.4% | 93 | $0.502003 | -7.81% | -12.64% | $16 943 898 369 |  |
|
| 9 |  SOL |
Solana predictions | 55.2% | 91 | $48.07 | -9.25% | -12.69% | $16 307 952 335 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 60.8% | 90 | $0.081327 | -5.98% | -8.79% | $10 789 659 758 |  |
|
| 11 |  DOT |
Polkadot predictions | 55.2% | 90 | $9.73 | -6.72% | -10.15% | $9 613 488 110 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 56.8% | 87 | $28 897.59 | -4.37% | -3.70% | $7 993 157 722 |  |
|
| 13 |  TRX |
TRON predictions | 73.2% | 56 | $0.079994 | 5.25% | 13.91% | $7 570 190 446 |  |
|
| 14 |  AVAX |
Avalanche predictions | 55.6% | 93 | $27.44 | -12.43% | -18.78% | $7 390 659 271 |  |
|
| 15 |  DAI |
Dai predictions | 93.2% | 1 | $0.999659 | -0.06% | -0.01% | $6 569 292 513 |  |
