The automobile manufacturing company Tesla, founded by the famous billionaire and entrepreneur Elon Musk, has officially announced how many dollars the Bitcoin in its hands corresponds to. As you know, Tesla has offered the opportunity to shop with cryptocurrencies in the past years.
However, last year, Tesla announced that it had removed the exchange of cryptocurrencies from its system, as crypto currency mining peaked and therefore saw harmful levels of electricity consumption worldwide. Sharing its annual financial balance sheet with the public after all these fluctuations, Tesla also announced the dollar equivalent of the Bitcoin it holds.
Tesla holds $1.99 billion worth of Bitcoin
Regardless of whether Tesla accepts shopping with crypto money, it has publicly shared its financial performance file for 2021. The automaker stated that it held approximately $2 billion worth of Bitcoin after it liquidated and sold some of its shares in the report it announced.
The balance sheet published by Tesla includes the following words:
“During the year ended December 31, 2021, we purchased and acquired $1.50 billion worth of Bitcoin. During the year ended December 31, 2021, we recorded a loss of $101 million in such digital assets. We also generated a $128 million gain in March 2021 in connection with the sale of some of our assets. The fair market value of all our digital assets as of December 31, 2021 is $1.99 billion.”
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