Tesla's fourth-quarter earnings report shows that the company held onto its Bitcoin despite the market downturn in Q4 2022.

 

Tesla's fourth-quarter earnings report shows that the company held onto its Bitcoin despite the market downturn in Q4 2022.

 The company holds $184M in digital assets as of Dec. 31 and has a $34M impairment charge on Bitcoin. 


  • Tesla acquired Bitcoin in the first quarter of 2021, valued at $1.5B for 43,200 bitcoins. 
    • The EV manufacturer held onto its Bitcoin holdings through Q3 after selling 75% of its Bitcoin in July 2022. 
    • Tesla reported no losses on its remaining Bitcoin holdings on its fourth-quarter earnings report. 
  • Bitcoin was trading at around $22,978 Wednesday, down 0.4% over the past 24 hours. 

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