Tesla holds nearly $1 billion in bitcoin. The Financial Accounting Standards Board now requires digital assets to be marked to market every quarter. Tesla Quarter 1 revenue was $19.34 billion, missing analysts' expectations, which had expected revenue of $21.37 billion.
As of March 31, Tesla's digital asset holdings were worth $951 million, down from $1.076 billion as of December 30 last year. This change was due to the falling price of bitcoin. Tesla currently holds 11,509 bitcoins on its balance sheet. According to Arkham, Tesla has not conducted any transactions in the past three months.
Tesla has not conducted any cryptocurrency transactions in the past three months and currently holds nearly $1 billion in bitcoin
2025-04-22 22:16:20
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