In the past few days, Tesla (TSLA) released its second-quarter financial report, and there is something quite interesting in it.
In the second quarter of this year, the price of Bitcoin rose by a whopping 30%. This surge has significantly increased the value of the Bitcoin held by Tesla, which is now around 1.2 billion dollars.
This is thanks to the adjustment in U.S. accounting standards regarding the treatment of digital assets, which is particularly favorable for Tesla. Previously, if the Bitcoin held by the company increased in price, they could not record the gains; they could only recognize profits upon selling. But now things are different! Starting from the first quarter of 2025, companies can report the fair value of cryptocurrency holdings quarterly, meaning Tesla can now recognize the gains from the rise in Bitcoin prices each quarter, allowing shareholders to better understand the performance of this part of the company's assets.
According to BitcoinTreasuries.Net, Tesla currently holds 11,509 Bitcoins, making it the tenth largest publicly traded company holding Bitcoin on their balance sheets.
Do you think it will continue to increase its Bitcoin holdings?
