Tesla did not sell any Bitcoin in the second quarter and currently holds $1.3 billion in Bitcoin, a decrease of $23 million from the first quarter.

According to Chain News, Tesla's second quarter financial report shows that Tesla did not sell or purchase new Bitcoin in the second quarter. According to generally accepted accounting principles (GAAP), the value of Bitcoin is recorded at the lowest price of Bitcoin in that quarter, so the current value of Bitcoin held by Tesla is $1.3 billion, an asset impairment of $23 million compared to the first quarter.

Lianwen previously reported that documents submitted by Tesla to regulators in the first quarter showed that it had purchased a total of approximately US$1.5 billion in Bitcoin. In April, Tesla announced that it had sold US$272 million worth of Bitcoin in the first quarter (accounting for 10% of its holdings at the time) and made a profit of US$101 million.