Tesla's crypto stash shrank by roughly $112 million between April and June 2026, falling from $786 million to $674 million on the balance sheet. The company didn't buy or sell a single satoshi during the quarter. The entire drop came from Bitcoin's price movement, not from any change in the number of coins Tesla actually holds.
A Shrinking Balance Sheet in Context
To put the current figure in perspective, Tesla's digital assets were valued at $1.235 billion in Q2 2025. They climbed to $1.315 billion by Q3 2025, then slid to $1.008 billion at year-end, and have continued declining through the first half of 2026. That's nearly a halving of the on-paper value in twelve months, entirely driven by price.
The trend across recent quarters:
- Q2 2025: $1.235 billion
- Q3 2025: $1.315 billion
- Q4 2025: $1.008 billion
- Q1 2026: $786 million
- Q2 2026: $674 million
Revenue Beat, EPS Miss
On the broader earnings picture, Tesla posted Q2 2026 revenue of $28.24 billion, clearing analyst expectations of $26.36 billion by a comfortable margin. Adjusted EPS, however, came in at just 33 cents against a consensus estimate of 54 cents. Free cash flow was negative $1.1 billion for the quarter.
Tesla flagged strong vehicle demand in markets where its Full Self-Driving system has received regulatory certification. The company also said it more than doubled on-site computing capacity in Texas during the first half of the year. Production of Tesla Semi and Megapack 3 is tracking to schedule, and Optimus humanoid robot manufacturing is set to begin later in 2026 at the Fremont plant.
This article is for informational purposes only and does not constitute financial or investment advice.
