Tesla (TSLA) still has almost $ 1 billion in Bitcoin, according to the carmaker’s latest earnings report.

The electric vehicle company reported digital asset stocks worth $ 951 million per year. 31 March, down from $ 1,076 billion on December 30th. Tesla currently has 11,509 Bitcoin in its balance, according to Bitcoin Treasuries data.

The change is almost definitely due to Bitcoin’s price depreciation between the two quarters. Data from Arkham Intelligence indicates that Tesla did not perform any transactions in the last three months. Arkham marks Tesla’s holdings as being worth the moment worth $ 1.049 billion.

A new rule from the Financial Accounting Standards Board (FASB) requires that business owners of digital assets begin to mark these assets to market every quarter.

Tesla also reported $ 19.34 billion in revenue for the first quarter of the year; Analysts had expected the carmaker to rip $ 21.37 billion.

The TSLA shares rose more than 2% in trading after hours.