me6****@gmail.com
07/24 15:29

Tesla Inc. has announced a significant profit of $284 million from their Bitcoin holdings in the second quarter of 2025. This increase was part of their quarterly earnings report which showed a sharp recovery with net revenue reaching $1.2 billion, a drastic increase from $409 million in the first quarter.
The rise comes amid a broader market rebound, where Tesla previously recorded a Bitcoin-related loss of $125 million in the first quarter.
The recent rise in Bitcoin (BTC) value was triggered by large ETF fund inflows and increased institutional interest, which made the value of these companies’ Bitcoin holdings increase. The adoption of a new crypto accounting standard that allows companies to report unrealized gains also contributed to this positive outcome.
All Comments0LatestHot
No records