Tesla's digital asset holdings remained at $184 million on its balance sheet in the second quarter, despite the rise in bitcoin's price during the same period. This is due to accounting rules that do not allow for unrealized gains on crypto to be recorded.
The company sold roughly 75% of its bitcoin stack during the second quarter of 2022, but CEO Elon Musk has stated that they are open to increasing their bitcoin holdings in the future. Musk has also expressed his fondness for dogecoin, but his lawyers have stated that there is nothing illegal about tweeting support for a crypto asset.
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