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 | 83.6% | 20 | $102 116.70 | 2.37% | 2.70% | $2 021 460 092 616 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 69.2% | 63 | $3 912.07 | -0.47% | -2.02% | $471 196 373 885 |  |
|
| 3 |  XRP |
XRP predictions | 60.4% | 90 | $2.47 | 4.87% | 1.99% | $141 138 189 110 |  |
|
| 4 |  USDT |
Tether predictions | 91.2% | 1 | $0.999982 | -0.02% | -0.14% | $140 131 177 908 |  |
|
| 5 |  SOL |
Solana predictions | 77.6% | 34 | $226.15 | -0.64% | -3.94% | $108 332 233 027 |  |
|
| 6 |  BNB |
Binance Coin predictions | 72.4% | 60 | $731.00 | 3.05% | -0.78% | $105 270 636 457 |  |
|
| 7 |  DOGE |
Dogecoin predictions | 77.6% | 45 | $0.409827 | 0.40% | -5.76% | $60 323 093 648 |  |
|
| 8 |  USDC |
USD Coin predictions | 94% | 1 | $0.999894 | -0.01% | 0% | $41 988 368 670 |  |
|
| 9 |  ADA |
Cardano predictions | 62.8% | 74 | $1.12 | 0.68% | -7.21% | $39 228 078 149 |  |
|
| 10 |  TRX |
TRON predictions | 57.6% | 93 | $0.291593 | -0.47% | -10.06% | $25 148 527 188 |  |
|
| 11 |  AVAX |
Avalanche predictions | 68.8% | 65 | $52.60 | 0.18% | 1.15% | $21 549 114 067 |  |
|
| 12 |  LINK |
Chainlink predictions | 59.6% | 87 | $29.49 | -1.95% | 10.35% | $18 486 768 963 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 69.6% | 68 | $0.000029 | 2.06% | -6.65% | $16 885 125 234 |  |
|
| 14 |  TON |
Toncoin predictions | 69.2% | 69 | $6.32 | -1.03% | -7.04% | $16 112 935 640 |  |
|
| 15 |  DOT |
Polkadot predictions | 60.4% | 78 | $9.03 | -1.14% | -14.24% | $13 803 585 859 |  |
