Per a SEC Filing, Tesla Held $2 Billion BTC by The End of 2021

In 2021, Tesla incurred $101 million in Bitcoin (BTC) impairment charges, with a carrying value of $1.26 billion. Official records state that the electric vehicle giant was holding $2 billion worth of Bitcoin (BTC) at the end of last year. According to Tesla’s yearly filing with the US Securities and Exchange Commission (SEC) on February 4, the fair market value of Bitcoin (BTC) owned by the corporation as of December 31st was amounting to $1.99 billion. According to the filing, Tesla liquidated a part of its Bitcoin (BTC) holdings in March of last year, realizing $128 million in profits. Last February, the corporation announced a massive $1.5 billion Bitcoin (BTC) acquisition. Per the US Securities and Exchange Commission (SEC) filing, for 2021 Tesla incurred Bitcoin (BTC) impairment losses amounting to $101 million. The filing specified that “gains are presented net of impairment losses in restructuring and other in the consolidated statement of operations. As of Dec. 31, 2021, the carrying value of our digital assets held was $1.26 billion, which reflects cumulative impairments of $101 million.” Tesla made a $272 million profit on the sale of a part of its Bitcoin (BTC) holdings during Q1 of 2021. Despite Tesla removing Bitcoin (BTC) payments integration in May 2021 due to the environmental impacts of Bitcoin (BTC), the tech behemoth still held Bitcoin (BTC). Tesla presently holds around 43,200 Bitcoin (BTC), as per statistics from Bitcoin (BTC) Treasuries. Aside from Michael Saylor’s Microstrategy which presently holds 125,000 Bitcoin (BTC), Tesla is the second biggest Bitcoin (BTC) hodler. https://crypto-academy.org/tesla-held-2-billion-btc-2021/?feed_id=2080

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store