Tuesday, December 6, 2022

Tesla says bitcoin investment is $ 2.48 billion

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Tesla Inc. said on April 28 that the fair market value of electric car maker bitcoin held as of March 31 was $ 2.48 billion , suggesting that it could stand to invest around $ 1 billion, cashing in the digital currency. was for.

The world’s most valuable automaker, which said it had bought or received $ 1.5 billion in bitcoin by the end of the first quarter, reiterated in its regular reports that its position was reduced by 10 percent during the quarter.

Tesla said income from the sale of digital assets increased to $ 272 million, with a “positive impact” of $ 101 million.

The company said it reported a $ 27 million loss on its bitcoin investment in the three months to the end of March.

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