Tesla reported over $280 million in unrealized gains on its cryptocurrency holdings in Q2, driven by a 30% rise in Bitcoin’s price, according to Benzinga. Tesla’s balance sheet listed $1.235 billion in digital assets for the second quarter, reflecting a nearly 30% increase from the prior quarter. This led to $284 million in unrealized gains, reversing the $125 million loss reported in the previous quarter. Tesla does not disclose a breakdown of its crypto holdings, but Arkham Intelligence reports its entire $1.37 billion stockpile consists of Bitcoin. Tesla began its Bitcoin investment in January 2021 with a $1.5 billion purchase. Bitcoin closed the second quarter up approximately 30%.
