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International Business Times
International Business Times
Business

Tesla Just Ate a $112M Bitcoin Loss and Refused to Sell. Michael Saylor Blinked First.

Tesla Inc. Bitcoin Michael Saylor Strategy
Tesla booked a $112 million BTC loss|Credit:Getty

Tesla booked a $112 million after-tax loss on its Bitcoin in the second quarter and sold exactly zero coins. Its 11,509 BTC sat untouched while Bitcoin slid roughly 14%, from about $83,000 in early April to $58,000 by the end of June.

The holdings closed the quarter marked at $674 million, down from $786 million in March.

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