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 | 81.2% | 25 | $64 463.63 | 0.80% | -0.55% | $1 269 313 209 031 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78% | 46 | $3 149.21 | 0.44% | 1.51% | $384 359 433 583 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $0.999999 | 0.01% | -0.06% | $110 463 415 368 |  |
|
| 4 |  BNB |
Binance Coin predictions | 84.4% | 20 | $603.90 | -1.41% | 7.99% | $89 111 825 830 |  |
|
| 5 |  SOL |
Solana predictions | 64.4% | 70 | $143.96 | -1.56% | -0.05% | $64 372 777 006 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.8% | 2 | $1.000017 | -0.01% | -0.01% | $33 379 420 163 |  |
|
| 7 |  XRP |
XRP predictions | 65.6% | 68 | $0.523893 | 0.14% | 5.05% | $28 881 748 060 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 68% | 65 | $0.151058 | 0.80% | -0.78% | $21 758 477 314 |  |
|
| 9 |  TON |
Toncoin predictions | 67.2% | 65 | $5.43 | 2.50% | -23.18% | $18 850 103 346 |  |
|
| 10 |  ADA |
Cardano predictions | 62.4% | 77 | $0.468000 | -0.33% | 1.18% | $16 676 655 489 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 62% | 82 | $0.000026 | 3.44% | 13.13% | $15 224 788 349 |  |
|
| 12 |  AVAX |
Avalanche predictions | 66% | 75 | $35.44 | 0.47% | 0.19% | $13 401 949 645 |  |
|
| 13 |  TRX |
TRON predictions | 86.4% | 21 | $0.117913 | 2.81% | 8.09% | $10 325 417 304 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 86.4% | 18 | $0.117724 | 3.06% | 8.26% | $10 308 941 064 |  |
|
| 15 |  STETH |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
