Tesla, the electric vehicle maker, maintained its bitcoin treasury of 11,509 BTC through the second quarter, according to recent earnings reports. This decision came as bitcoin declined in value by 14% over the same period.
Despite holding its bitcoin treasury steady, Tesla reported a $112M impairment loss. The company's earnings were mixed, beating revenue expectations but missing on profit. This is based on reporting from CoinDesk.
Tesla's decision to maintain its bitcoin holdings reflects its ongoing investment strategy, despite the recent decline in bitcoin's value. The company's earnings reports provide insight into its financial performance and investment decisions.