Tesla’s Bitcoin Holdings Now Worth $1.2B After 30% BTC Price Rally in Q2
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Tesla’s (TSLA) bitcoin (BTC) stash is now worth around $1.2 billion after the cryptocurrency's price climbed 30% in the second quarter of this year, according to its earnings report . The gain reflects a recent change in how U.S. accounting rules treat digital assets — one that works in Tesla’s favor. Tesla currently holds 11,509 BTC, according to BitcoinTreasuries.Net , making it the tenth largest publicly traded company to hold the crypto asset on its balance sheet. Bitcoin is currently tradin...
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