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Benzinga
Benzinga
Business
Aniket Verma

Elon Musk's Tesla Sits On $284 Million Bitcoin Windfall In Q2, Refuses to Cash Out

Elon Musk Bitcoin Crypto Tesla Inc.
London,,Uk,-,June,2021:,Bitcoin,Cryptocurrency,On,A,Tesla

Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported Wednesday unrealized gains of over $280 million on its cryptocurrency holdings in the second quarter, thanks to a 30% jump in Bitcoin’s (CRYPTO: BTC) price.

What Happened: Tesla’s balance sheet showed $1.235 billion in digital assets, up nearly 30% from the last quarter, according to the company’s earnings report released after the closing bell.

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