Tesla Has Made No Cryptocurrency Transactions in the Past Three Months, Currently Holds Nearly $1 Billion in Bitcoin

According to Jinse, Tesla holds nearly $1 billion in Bitcoin. The Financial Accounting Standards Board now requires digital assets to be marked to market quarterly. Tesla's first-quarter revenue was $19.34 billion, falling short of analysts' expectations, who had previously projected revenue of $21.37 billion. As of March 31, Tesla's digital asset holdings were valued at $951 million, down from $1.076 billion on December 30 of the previous year, due to a drop in Bitcoin prices. Tesla currently holds 11,509 bitcoins on its balance sheet. Data from Arkham indicates that Tesla has not conducted any transactions in the past three months.