Tesla books $112 million crypto paper loss as digital assets fall to $674 million
The Q2 mark cut GAAP earnings by $87 million after tax, while Tesla added the full pretax loss back to adjusted EBITDA.
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Ethereum Tower can keep its 2% interest and may elect continuing fees or a formula-based payment after a covered termination.
More than 380 investors supplied the funds, while court approval, penalties and any recovery remain unresolved.
Prosecutors say eight entities were used as investor funds moved through financial institutions and crypto exchanges, with new money repaying earlier investors.
Proposed trust changes would require no-less-than-quarterly cash distributions, creating a common cadence without fixing payout amounts or yield.
Crypto.com and Kraken are pursuing the same tokenized-market expansion, while only one has disclosed Citadel’s operational role.
BTC PREF is expected to begin trading July 20, with any discount to SEK 120 lifting the indicated cash yield above 10%.