Tesla Discloses $101M Bitcoin Impairment in 2021, Holdings of Almost $2B

Tesla Discloses $101M Bitcoin Impairment in 2021, Holdings of Almost $2B

(SEC) The total fair market value of Bitcoin holdings by electric maker Tesla was $1.99 billion as of December 31, 2021, with impairment losses in the year at $101 million.

As of the end of the year, the carrying value of all digital assets by Tesla was $1.26 billion.

The SEC filing showed that Tesla sold some Bitcoin holdings in March 2021, realizing about $128 million.

Tesla made its first purchase of Bitcoin in February last year, with a total worth of $1.5 billion. With its about 43,200 BTC’s, Tesla is the second-largest Bitcoin investor after MicroStrategy.

BTCUSD is up +2.40%.

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