Tesla has revealed in an SEC filing that it is still holding $222 million in bitcoin after selling 75% of its $BTC holdings. crypto cryptocurrency ElonMusk
Tesla informed the SEC that in the second quarter:
We recorded $170 million of impairment losses resulting from changes to the carrying value of our bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us.worth $272 million. The price of bitcoin fluctuated between the $32K level and the $59K level in Q1 2021. The electric car company stated in the SEC filing that it realized gains of $128 million from converting its
into fiat currency in Q1 2021. In addition, the company had $23 million and $50 million of impairment losses on bitcoin in Q2 2021 and 1H 2021, respectively.In its Monday filing with the SEC, Tesla clarified that it purchased bitcoin worth $1.5 billion in Q1 2021. In addition, it received “an immaterial amount” of digital assets during the first half of this year.the meme cryptocurrency dogecoin for some merchandise since January.as of the end of the second quarter, its balance sheet shows.
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