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Benzinga @Benzinga on x 306.9K followers
Created: 2025-04-23 13:54:00 UTC
Tesla $TSLA takes $125M hit on Bitcoin 🪙— but didn’t sell a single coin
In Q1, Tesla $TSLA reported $125M in unrealized losses on its $BTC holdings after the crypto dropped 12%.
Despite the dip, the Elon Musk-led firm held tight to its XXXXXX Bitcoin stash, worth ~$951M on the books. The value has already bounced back in April as Bitcoin rebounded 13%.
Tesla adopted new accounting rules allowing it to mark crypto at market value—giving investors a clearer picture of gains or losses in real-time.
While Tesla’s Q1 earnings missed expectations, $TSLA shares jumped over X% after hours.
XXXXX engagements
Related Topics accounting $951m stash elon musk dip $btc losses $125m