![[Weekly funding roundup May 3-9] VC inflow into Indian startups touches new high](https://images.yourstory.com/cs/2/220356402d6d11e9aa979329348d4c3e/WeeklyFundingRoundupNewLogo1-1739546168054.jpg)
-Reviewer-Photo-SOURCE-Julian-Chokkattu-(no-border).jpg)
A Surprising Takeaway From Tesla's Disappointing Earnings Report and What It Means for Bitcoin
Tesla's Bitcoin stash is worth more than $1 billion.
Tesla (NASDAQ: TSLA) has had a tough start to the year. Its stock is down almost 30% year to date, and disappointing is, frankly, a polite word to use about its first-quarter results. Its revenue and earnings per share missed analyst expectations, and its automotive revenue fell 20% year on year.
But there's been plenty of coverage of Tesla's troubles. If you're a crypto investor, there's a less-reported figure to note in Tesla's recent earnings: Its crypto holdings are currently worth about $1.1 billion. It holds 11,509 Bitcoins (CRYPTO: BTC) and it hasn't sold any since 2022.
The balance sheet value of its crypto stash shot up dramatically at the end of last year because of changes in accounting rules. And that rule change is good for cryptocurrency adoption.
