Tesla (TSLA) still has almost $ 1 billion in Bitcoin, according to the latest car manufacturer’s profit report.
The electric vehicle firm reported that Digital Asset Holdings worth $ 951 million as of March 31, below $ 1,076 billion on December 30. Tesla currently has 11,509 Bitcoin in its general balance, according to Bitcoin treasures data.
The change is almost certain that Bitcoin’s price depreciates between the two quarters. Arkham Intelligence data indicate that Tesla did not make any transaction in the last three months. Arkham marks Tesla’s holdings as currently for a value of $ 1,049 billion.
A new rule of the Board of Financial Accounting Standards (FASB) requires that the corporate holders of digital assets begin to mark those assets to market each quarter.
Tesla also reported $ 19.34 billion in income for the first quarter of the year; Analysts expected the car manufacturer to be reduced at $ 21.37 billion.
TSLA actions increased more than 2% in negotiation at time.
