Tesla keeps Bitcoin stake intact through Q2, books $112M unrealized loss

Tesla said in its Q2 2026 earnings report that it did not change its Bitcoin position during the quarter, holding 11,509 BTC valued at $674 million at quarter-end. The company recorded a $112 million unrealized loss on the stake, reflecting weaker Bitcoin pricing versus its carrying value. The update is notable for crypto investors because Tesla remains one of the most visible corporate holders of Bitcoin, and the unchanged position signals no near-term disposition despite the paper loss. The news is broadly neutral for Bitcoin price action, but it reinforces that corporate treasury exposure can create earnings volatility when crypto prices move.