Bitcoin rally lifts Tesla holdings towards $1 billion
Tesla’s Bitcoin holdings moved close to the $1 billion mark after the cryptocurrency’s sharp weekly advance added about $122.6 million to the market value of the electric-vehicle maker’s position without any fresh purchase. The company held 11,509 bitcoin at the end of June, its latest regulatory filing shows, matching the balance tracked on-chain by blockchain intelligence platform Arkham. At a…
Tesla's Bitcoin holdings edged closer to a $1 billion value after the cryptocurrency surged by about $122.6 million in market worth over the past week, according to regulatory filings and on-chain data analysis. The electric vehicle manufacturer owned 11,509 bitcoins at the end of June, valued at roughly $997.8 million at a Bitcoin price of around $86,700.
This gain reflected price appreciation rather than any new purchases by Tesla. The cryptocurrency's value rose by approximately 14% over the week, climbing above $87,000 on Monday to reach an eight-month high before temporarily retracting. As of Saturday, Bitcoin was trading about 4% lower at $84,000, which would reduce Tesla's holdings to roughly $967 million.
The company disclosed its Bitcoin position in its June regulatory filing with the US Securities and Exchange Commission, stating that its 11,509 coins were acquired for $386 million. However, in its latest quarterly report, Tesla reported the digital assets at $674 million, revealing a $334 million unrealized loss for the six months of 2026.
The value of Tesla's Bitcoin position can fluctuate significantly with Bitcoin's price movements, and its current exposure represents roughly 0.055% of the cryptocurrency's total supply of 21 million coins.
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