Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1
Posted On April 23, 2025
Electric vehicle juggernaut Tesla Inc. (NASDAQ:TSLA) reported losses on cryptocurrency investments in the first quarter on Tuesday, while its Bitcoin (CRYPTO: BTC) stash remained unchanged.
What happened: Tesla’s balance sheet showed $951 million in digital assets, down 11.6% from the last quarter, according to the company’s earnings report released after the market close.
The firm also reported a mark-to-market loss of $125 million on its cryptocurrency investments, compared to $347 million in gains in the fourth quarter of 2024.
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Tesla does not publish a breakdown of its cryptocurrency holdings. However, on-chain analytics firm …
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