CoinDesk Podcast Network Tesla Shares Are Down, Could Bitcoin Be Its Saving Grace? | COINDESK DAILY
Jul 24, 2025
Tesla faces a stock plunge, but its substantial Bitcoin investments could turn the tide. The company's crypto stash is now valued at around $1.2 billion, thanks to a significant BTC price increase. Meanwhile, a shocking multi-million-dollar crypto scam has surfaced, targeting unsuspecting churches. Additionally, there are crucial updates on FTX's bankruptcy proceedings. Privacy-enhancing technology in blockchain is also discussed, highlighting the evolution towards greater user control over sensitive data.
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Tesla's Bitcoin Cushion Amid Losses
- Tesla's shares dropped over 7% due to Q2 earnings showing revenue and earnings misses.
- Despite this, Tesla's Bitcoin holdings rose in value, now worth about $1.2 billion after BTC increased 30% in Q2.
Crypto Accounting Transparency
- A new accounting rule lets companies report crypto holdings at fair market value quarterly.
- This enables Tesla shareholders to see Bitcoin gains each quarter clearly in financial statements.
Pastor's Couple Crypto Scam
- A married couple, Eli and Caitlin Regalado, allegedly scammed $3.4 million mostly from churches in a crypto fraud.
- Eli, a pastor, admitted the crypto turned out to be a scam despite initial intentions.