Tesla holds $2 billion worth of Bitcoin

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Summary

You can’t buy a Tesla car with bitcoins anymore, but Tesla is still hodling bitcoins.

According to a new SEC filing, Tesla’s Bitcoin holdings have been worth $1.99 billion as of Dec. 31, 2021.

In the filing, the company says it invested roughly $1.5 billion in Bitcoin in 2021. The company recorded $101 million of impairment loss on its Bitcoin holdings, but it also realized gains of $128 million from selling a portion of its bitcoins in March 2021. At the end of the year, Tesla says the “fair market value” of its bitcoin holdings was $1.99 billion.

  • Source: Mashable
  • February 8, 2022
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