Elon Musk's Tesla Held on to Bitcoin Stockpile in Q2 Despite $112 Million in Paper Losses
Tesla Inc. recorded paper losses on its Bitcoin holdings for the third straight quarter, but did not sell any, according to its earnings release on Wednesday, July 22.
Tesla owns Bitcoin but it lost value on paper—like owning a baseball card that's worth less today than yesterday. They kept it anyway, which shows they still believe in it long-term rather than panicking when prices drop.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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