According to Tesla's financial statements, the company did not sell or buy new bitcoins in the second quarter of 2023. As of the end of the second quarter, Tesla's digital assets were valued at $184 million, just like a few quarters ago. This is due to the fact that current accounting standards in the United States do not allow increasing the valuation of an asset when its price increases. You can show profitability only after the sale.
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GateUser-080800c0
· 2024-02-19 06:16
maybe that's why Bitcoin isn't rising. They probably keep a large number there.
Tesla continues to hold its bitcoins
According to Tesla's financial statements, the company did not sell or buy new bitcoins in the second quarter of 2023.
As of the end of the second quarter, Tesla's digital assets were valued at $184 million, just like a few quarters ago. This is due to the fact that current accounting standards in the United States do not allow increasing the valuation of an asset when its price increases. You can show profitability only after the sale.