Bitcoin selloff wipes over $220M in value from Tesla's crypto treasury
Tesla's Bitcoin treasury lost over $220 million in value as BTC prices fell to $62,715, marking a 14.5% weekly decline. The company holds 11,509 BTC, valued at approximately $724 million on June 5, 2026, down from a peak of $946 million in early May. This volatility follows a reported $173 million loss on crypto holdings in Q1 2026, with broader market declines also affecting Ether and Solana.
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