What's Hot

    EU countries will be able to use blockchain to verify data on education and work qualifications

    08.06.2023

    Developer Sandbox has decided to leave the US market due to the “hostile to blockchain” strategy of the regulator

    08.06.2023

    Binance Starts Teaching Crypto Security to Taiwan Criminal Investigation Bureau Staff

    08.06.2023
    Facebook Twitter Instagram
    Friday, June 9
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»Tesla records loss from Bitcoin holdings in 2021
    99df8e9721055ef77b1e3fb71d7ea38b54fbb1f8
    Bitcoin

    Tesla records loss from Bitcoin holdings in 2021

    AdministratorBy Administrator07.02.2022No Comments1 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~2 m


    Elon Musk’s electric vehicle company disclosed those losses in a filing with the Securities and Exchange Commission (SEC), explaining how its digital assets could affect its profitability.

    “For the year ended December 31, 2021, we recorded an impairment loss of approximately $101 million as a result of changes in the carrying value of our bitcoin and a gain of $128 million on certain bitcoin sales by us,” the statement said.

    Tesla has said that it has invested $1.5 billion in bitcoin in the first quarter of 2021. The market value of her bitcoin holdings at the end of 2021 was $1.99 billion.

    A year ago, the company announced that it had purchased $1.5 billion worth of bitcoin and had since started accepting it as a form of payment. In May, Tesla CEO Elon Musk retracted the claim over concerns about the environmental impact of bitcoin mining.

    Musk later said that the company would accept the cryptocurrency as soon as it was confirmed that 50% of mining was done using clean energy.




    #Tesla #records #loss #Bitcoin #holdings

    Bitcoin holdings loss Records Tesla
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    Coindesk told the story of a bitcoin encoder

    08.06.2023

    it’s time to buy bitcoin, then there will be a rebound

    08.06.2023

    stETH holders are now able to mint crvUSD

    08.06.2023

    A project on taxation of bitcoin transactions was presented in Ukraine

    08.06.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • EU countries will be able to use blockchain to verify data on education and work qualifications
    • Developer Sandbox has decided to leave the US market due to the “hostile to blockchain” strategy of the regulator
    • Binance Starts Teaching Crypto Security to Taiwan Criminal Investigation Bureau Staff
    • Analyst Predicts XRP Bullish Rally to $0.8 Resistance
    • Coindesk told the story of a bitcoin encoder
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.