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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Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters :
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Bitcoin slides below $82,000 as AI doubts return, with DeFi tokens leading declines
Crypto traders price India telecoms company Reliance Jio's IPO at about $110 billion
Asian stocks tumble, bitcoin retreats as China enters bear market
Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
A16z is the latest VC giant to widen bets beyond crypto and into AI and emerging tech
Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
Original sourceCoinDesk
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