Tesla Inc.
(NASDAQ:TSLA) recorded paper losses on its Bitcoin (CRYPTO: BTC) holdings for the third straight quarter, but did not sell any, according to its earnings release on Wednesday.
Tesla Takes BTC Losses in Bear Market As of March 31, the EV giant held $674 million in digital assets, down 45% year-over-year and 14.24% from the previous quarter.
Tesla reported $112 million in paper losses on cryptocurrency investments, marking three straight quarters of red ink.
The Elon Musk-led company does not publish a breakdown of its cryptocurrency holdings.
