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Benzinga
Benzinga
Business
Neer Varshney

Tesla Reveals How Much Its Bitcoin Holdings Were Worth As Of 2021-End

Tesla Inc. SEC U.S. Securities and Exchange Commission

Tesla Inc. (NASDAQ:TSLA), in a filing with the U.S. Securities and Exchange Commission on Monday morning, revealed that it suffered impairment losses of $101 million on its Bitcoin (CRYPTO: BTC) holdings in 2021.

What Happened: The electric vehicle maker said the fair market value of its Bitcoin holdings at the end of the year was $1.99 billion. The company had invested $1.5 billion in the world’s apex cryptocurrency in the first quarter.

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