Tesla Keeps Its Bitcoin As Q2 Brings Digital Asset Loss

Tesla is sticking to its crypto strategy for now. The electric vehicle giant kept its reserve of 11,500 and 9 Bitcoin completely untouched during the second quarter. This marks another quiet period for the company regarding direct market trades.

Despite making no changes to its digital wallet, Tesla recorded a one hundred and twelve million dollar after tax loss on its digital assets for the quarter. Accounting rules often require companies to report paper losses when token prices dip below purchase values, even if no coins are actually sold.

Market watchers continue to track Tesla and its high profile CEO for any signs of future buying or selling. Since the company chose to hold all coins this quarter, traders will watch the next shareholder update to see if management adjusts its long term crypto stance.