Internet reports that Tesla holds nearly $1 billion in Bitcoin. The Financial Accounting Standards Board now requires digital assets to be mark-to-market on a quarterly basis. Tesla's first-quarter revenue was $19.34 billion, less than analysts 'expectations, who had expected revenue of $21.37 billion. As of March 31, Tesla's digital asset holdings were valued at US$951 million, down from US$1.076 billion on December 30 last year. This change was due to the decline in Bitcoin prices. Tesla currently holds 11,509 bitcoins on its balance sheet. Arkham data shows that Tesla has not made any transactions in the past three months.