Tesla Reveals New Bitcoin Holdings In Latest SEC Filing

Tesla reported $170 million in impairment charges on its bitcoin holdings.

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Tesla CEO Elon Musk had earlier said that they are open to increase their bitcoin holdings in the future.

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Austin headquartered company reported $170 million in impairment charges against its bitcoin holdings in the first half of 2022.

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The electric-car maker also reported $64 million in gains from certain sales of its bitcoin holdings.

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“We are certainly open to increasing our bitcoin holdings in future, so this should not be taken as some verdict on bitcoin.” ~ Elon Musk

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