Tesla Keeps Bitcoin Holdings Steady Despite Q2 Price Dip

Tesla kept its treasury steady during the second quarter, holding onto 11,509 bitcoin. The company did not buy or sell any of its digital coins during the period, despite a 14 percent drop in the price of bitcoin.

Alongside the crypto news, Tesla shared its latest financial results. The company beat revenue expectations for the quarter, but missed analyst profit estimates. The falling price of bitcoin led to a 112 million dollar impairment loss on their crypto holdings.

Traders and investors will keep a close eye on future earnings reports to see if Tesla changes its digital asset strategy. For now, the firm remains committed to its long term crypto position.