Elon Musk's Tesla Held on to Bitcoin Stockpile in Q2 Despite $112 Million in Paper Losses
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Elon Musk's Tesla Held on to Bitcoin Stockpile in Q2 Despite $112 Million in Paper Losses Aniket Verma Wed, July 22, 2026 at 10:44 PM EDT 2 min read TSLA BTC-USD Tesla Inc. (NASDAQ: TSLA ) recorded paper losses on its Bitcoin (CRYPTO: BTC) holdings for the third straight quarter, but did not sell any, according to its earnings release on Wednesday. As of March 31, the EV giant held $674 million in digital assets, down 45% year-over-year and 14.24% from the previous quarter. Tesla reported $112 million in paper losses on cryptocurrency investments, marking three straight quarters of red ink. The Elon Musk -led company does not publish a breakdown of its cryptocurrency holdings. Instead, all investments are grouped under the "digital assets" line item. On-chain analytics firm Arkham Intelligence reports that its stockpile consists solely of Bitcoin. Its stash of 11,509 BTC remained unchanged from the last quarter. Moreover, the 14.24% decline in the value of digital assets is consistent with Bitcoin's decline in the second quarter. The firm once accepted Bitcoin as a payment option for its vehicles before ending the practice over concerns about energy consumption in Bitcoin mining. Tesla stood as the twelfth-largest corporate holder of Bitcoin, according to BitcoinTreasuries.net. Strategy Inc. (NASDAQ: MSTR ) remains the biggest, sitting on a stockpile worth over $55 billion. Read Also: QUICK SPARK: Elon Musk Turns Tesla FSD Fight in France Into a Life-Or-Death Warning Tesla reported second-quarter revenue of $28.24 billion, beating analyst estimates, but fell short of earnings expectations. The company said it hit $100 billion in trailing twelve-month revenue for the first time in history in the second quarter. Price Action : At the time of writing, BTC was exchanging hands at $65,795.39, down 0.92% over the last 24 hours, according to data from Benzinga Pro. Tesla shares fell 4.13% in after-hours trading after closing 1.30% lower at $374.01 during Wednesday's regular trading session. Year-to-date, the stock has plunged 16.83%. Benzinga's Edge Stock Rankings show the TSLA stock underperforming across short-, medium-, and long-term trends. Read Also: Elon Musk Says 'If You Value Tesla as Just an Auto Company, Fundamentally, It's Just the Wrong Framework' — More Like 'A Dozen Technology Startups' Photo Courtesy: Ink Drop on Shutterstock.com Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga: APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Elon Musk's Tesla Held on to Bitcoin Stockpile in Q2 Despite $112 Million in Paper Losses originally appeared on Benzinga.com
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