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Tesla’s Bitcoin Holdings Now Worth $1.2B After 30% BTC Price Rally in Q2

Tesla’s bitcoin stash is now worth around $1.2 billion after the cryptocurrency's price climbed 30% in the second quarter of this year, according to itsearnings report.

The gain reflects a recent change in how U.S. accounting rules treat digital assets — one that works in Tesla’s favor.

Tesla currently holds 11,509 BTC, according to BitcoinTreasuries.Net, making it the tenth largest publicly traded company to hold the crypto asset on its balance sheet. Bitcoin is currently trading at around $118,000, up from $83,000 on April 1.

Bitcoin Miner MARA Raising $850 Million to Boost BTC Treasury

Top Bitcoin miner MARA Holdings, formerly known as Marathon Digital, is planning to raise $850 million to buy more of the leading cryptocurrency, a filing with the Securities and Exchange Commission shows.

The sale will be aimed at institutional buyers, the Fort Lauderdale, Florida-based firm said. 

With 50,000 BTC ($5.9 billion at today's prices) on its balance sheet, MARA is the second-largest corporate holder of the leading cryptocurrency after software firm and Bitcoin treasury pioneer Strategy, according to data from Bitcoin Treasuries.

Square Begins Rollout of Bitcoin Payments for Sellers, Targets Full Availability by 2026

Jack Dorsey's Square has begun the rollout of bitcoin payments for merchants on its network.

Square began onboarding the first sellers, enabling them to accept Lightning Network-powered BTC payments from customers, Owen Jennings, executive officer at Square's parent company Block (XYZ), posted on X on Tuesday.

Payments are settled in real-near time using Bitcoin layer-2 Lightning, with Square processing the exchange into fiat.

Square plans to make the service available to all merchants using its sales platform by next year.

Tether CEO: US Market Entry "Well Underway" Amid Plans for Institutional Stablecoin

Tether CEO Paolo Ardoino said the stablecoin issuer is well underway to do business in the U.S. in an interview with Bloomberg Television. The news comes less than a week after President Donald Trump signed the GENIUS Act into law to regulate stablecoins in the U.S.

"We are well in progress of establishing our U.S. domestic strategy," Ardoino said on Wednesday. 

In April, Tether's Ardoino told The Block that the stablecoin issuer had plans to launch a new U.S.-based stablecoin aimed specifically at institutional clients. 

Tether's USDT is the world's largest stablecoin with a total market capitalization of $162 billion, according to The Block's price page. The new proposed stablecoin, however, would be geared toward institutions looking for faster settlements.

Tron Inc. to Ring The Nasdaq Opening Bell on July 24, 2025

Tron Inc., an innovation leader at the intersection of blockchain, entertainment and digital assets, today announced it will ring the Nasdaq Stock Market Opening Bell on Thursday, July 24, 2025.

The ceremony will be led by Justin Sun, Founder of the TRON Blockchain and Global Advisor to Tron Inc., live from the Nasdaq MarketSite in Times Square — heralding the Company’s bold transformation into next-generation technology and digital innovation.

“Ringing the Nasdaq Opening Bell marks a powerful milestone in Tron Inc.’s journey,” said Rich Miller, CEO of Tron Inc. “With the addition of Justin Sun as our Global Advisor and our continued expansion into blockchain-powered treasury holdings, this moment highlights our long-term vision to build shareholder value through innovation and strategic leadership.”

Bitcoin & Ethereum Spot ETF Flow

The overall net outflow of the US Bitcoin spot ETF on Wednesday was $85.96 million. The total net asset value of Bitcoin spot ETFs is $153.25 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.53%.

The Bitcoin spot ETF with the highest net inflow on July 23 was iShares Bitcoin Trust ETF (IBIT), with a net inflow of $142.56 million. Following that was Grayscale Bitcoin Mini Trust ETF (BTC), with a net inflow of 10.49 million, according to SoSoValue.

Source: SoSoValue

The overall net inflow of the US Ethereum spot ETF on Wednesday was $332.18 million. The total net asset value of Ethereum spot ETFs is $19.60 billion, and the ETF net asset ratio (market value compared to total Ethereum market value) is 4.57%.

The Ethereum spot ETF with the highest net inflow on July 23 was iShares Ethereum Trust ETF (ETHA), with a net inflow of $324.63 million. Following that was Vaneck Ethereum ETF (ETHV), with a net inflow of 3.95 million, according to SoSoValue.

Source: SoSoValue