Tesla reported a 12% year-over-year decline in Q2 revenue, totaling $22.5 billion, with vehicle deliveries dropping 12.6% to 143,535 units. However, the company’s cryptocurrency holdings mitigated financial strain as its 11,509 BTC appreciated by 42% during the same period, now valued at approximately $1.36 billion.
Corporate Bitcoin adoption continues to accelerate with Japanese investment firm Quantum Solutions announcing plans to acquire up to 3,000 BTC (worth $367 million) over the next year. This follows a strategy pioneered by MetaPlanet and represents one of Asia’s largest corporate Bitcoin treasury initiatives.
In parallel developments, South Korean blockchain infrastructure firm DSRV secured $12 million in Series B funding to expand its global validator operations. The company currently safeguards over $3 billion in digital assets across multiple blockchain networks.
Further signaling cryptocurrency’s integration with traditional finance, Tron Inc. is slated to ring the Nasdaq Opening Bell, highlighting the convergence of decentralized protocols with established markets.