Tesla held $2B of Bitcoin as of late 2021, SEC filing reveals
Tesla recorded $101 million of impairment losses on Bitcoin in 2021, with the carrying value accounting for $1.26 billion. Elon Musk’s electric vehicle maker Tesla was holding about $2 billion worth of Bitcoin (BTC) by the end of 2021, according to official records.The “fair market value” of BTC held by Tesla as of Dec. 31, 2021, was $1.99 billion, the company said on Friday in its annual filing with the United States Securities and Exchange Commission.The filing reads that Tesla sold a portion of its BTC holdings in March 2021, with realized gains of $128 million. The company previously....
Related News
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns.
Tesla May Resume Accepting Bitcoin, SEC Filing Shows
Tesla Inc. filed a quarterly report with the U.S. Securities and Exchange Commission (SEC) Monday.
The company explained that during the nine months ended Sept. 20, it “purchased an aggregate of $1.50 billion....
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency.
Tesla Realizes Gains of $64 Million From Bitcoin Sale
Tesla Inc. filed its second-quarter report with the U.S. Securities and Exchange Commission (SEC) Monday.
The company explained that it converted about 75% of its bitcoin holdings into fiat currency, as Bitcoin.com News reported last week. The BTC conversion added $936 million of cash....
A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Tesla, Inc. acquired a total of $1.5 billion in bitcoin during 2021, recording a $101 million impairment loss and $128 million in gains during the year from their BTC holdings. Tesla’s Bitcoin Holdings In their 10-k form for the fiscal year of 2021, Tesla […]
Elon Musk’s Tesla invested $1.5 billion in Bitcoin, according to its latest filing with the US Securities and Exchange Commission. The American vehicle giant reported that it changed its investment policies in January 2021 to “further diversify and maximize returns” on the cash it did not require for operational liquidity. It later sought approval from […]
The electric car manufacturer Tesla is proving to be yet another Bitcoin (BTC) HODLer. Their Q3 2023 earnings report indicates that Elon Musk’s automotive company held onto its coins, not liquidating coins over the last few quarters. Tesla Holding On To Bitcoin Although Tesla has not bought any Bitcoin since February 2021, even selling 75% […]