Tesla's Q2 Bitcoin Holdings Increase in Value by 30%, Now Worth $1.2 Billion

According to a report by Jinse Finance, Tesla’s Bitcoin holdings saw a 30% price increase in the second quarter of this year, with their current market value reaching approximately $1.2 billion. This gain is attributed to the latest changes in U.S. accounting standards—a new regulation that benefits Tesla. Data from BitcoinTreasuries shows that Tesla currently holds 11,509 Bitcoins, ranking tenth among publicly listed companies worldwide with crypto assets. The current price of Bitcoin is around $118,000, a significant rise from $83,000 on April 1. Previously, the U.S. Financial Accounting Standards Board (FASB) approved a new rule allowing companies to report their crypto assets at fair market value each quarter starting from the first quarter of 2025. This change replaces the previous conservative “lowest value recognition” approach. Under the old rule, even if Bitcoin rebounded during the holding period, companies could not reflect the gains on their balance sheets. Now, Tesla’s Bitcoin appreciation can be reflected quarterly, providing shareholders with a clearer view of asset performance. The financial report also shows that Tesla’s revenue for the quarter was $22.5 billion, exceeding analysts’ expectations of $22.3 billion; earnings per share were $0.40, in line with market expectations.