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 | 87.2% | 21 | $20 345.66 | 0.68% | 4.63% | $390 038 684 495 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 65.6% | 78 | $1 374.40 | 1.37% | 2.72% | $168 598 361 729 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000121 | -0.01% | 0.01% | $68 220 841 049 |  |
|
| 4 |  BNB |
Binance Coin predictions | 82.8% | 21 | $296.73 | 0.69% | 4.71% | $47 874 262 742 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.8% | 1 | $0.999979 | 0% | 0% | $46 433 140 192 |  |
|
| 6 |  XRP |
XRP predictions | 61.6% | 85 | $0.495963 | 4.48% | 12.27% | $24 728 013 610 |  |
|
| 7 |  BUSD |
Binance USD predictions | 91.2% | 1 | $1.000423 | 0.08% | 0.06% | $21 051 132 248 |  |
|
| 8 |  ADA |
Cardano predictions | 74.8% | 42 | $0.435548 | 0.53% | 0.07% | $14 921 259 274 |  |
|
| 9 |  SOL |
Solana predictions | 86.8% | 21 | $34.35 | 0.55% | 2.13% | $12 202 401 025 |  |
|
| 10 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 83.2% | 21 | $0.065040 | 0.21% | 7.22% | $8 628 855 287 |  |
|
| 12 |  MATIC |
Polygon predictions | 72% | 56 | $0.849285 | 1.08% | 13.76% | $7 417 926 072 |  |
|
| 13 |  DOT |
Polkadot predictions | 70% | 59 | $6.51 | 0.99% | 1.37% | $7 310 822 407 |  |
|
| 14 |  DAI |
Dai predictions | 94.4% | 1 | $1.000258 | 0.05% | 0.05% | $6 791 926 054 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 91.2% | 5 | $0.062654 | 0.54% | 4.96% | $6 370 364 994 |  |
