Tesla has not bought or sold any Bitcoin for four consecutive quarters

According to ChainCatcher news, Tesla's financial report shows that the company did not buy or sell any Bitcoin in the second quarter of 2023, marking four consecutive quarters without any Bitcoin transactions.

As of the end of this quarter, Tesla's net digital asset value stood at $184 million, unchanged from the past three quarters. At the end of the second quarter, the price of Bitcoin was approximately $30,400, up from about $28,500 at the end of the first quarter. However, current accounting standards do not allow for an increase in the valuation of digital assets when prices rise, unless the assets are sold; but when prices fall, assets can be impaired even if they are not sold.

It is reported that Tesla has not bought or sold any Bitcoin since the second quarter of last year. In the second quarter of last year, Tesla sold over 30,000 Bitcoins for $936 million, which accounted for about 75% of its Bitcoin holdings. The company initially purchased $1.5 billion worth of Bitcoin in early 2021. (source link)