The electric vehicle maker maintained its 11,509 BTC treasury through the second quarter as bitcoin declined 14%, alongside mixed earnings that beat revenue expectations but missed on profit.
- Tesla held its bitcoin treasury unchanged at 11,509 BTC, extending a nearly four-year streak without buying or selling the cryptocurrency, with an after-tax impairment loss of $112 million on its digital asset holdings.
- Bitcoin dropped 14% during the second quarter, from about $83,000 to $58,000, before rebounding to around $65,840.
- Tesla reported mixed second-quarter results, with revenue beating estimates at $28.2 billion while adjusted EPS missed expectations at $0.33.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Saylor and team overhaul Strategy's bitcoin metrics as bear market persists
Brazilian farmers tokenized dairy cows to get loans, bypassing bank lending limits
A $5 billion cluster has formed in bitcoin options. It tells a bullish story
Senate Dems should accept the victory they won on Trump's crypto limits: White House
Sam Altman-backed World Network secures $52.5 million in fresh funding to fight online AI deepfakes
Institutional crypto trading platform LMAX is exploring sale, IPO
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