Electric vehicle manufacturer Tesla filed its annual report to the US Securities and Exchange Commission on 31 January. According to the report, Tesla’s Bitcoin holdings recorded a $204 million gross impairment loss last year. The company also gained $64 million from Bitcoin trading, resulting in a net loss of $140 million from its Bitcoin trading activities. The company invested $1.5 billion in Bitcoin in the first quarter of 2021, but it sold 75% of the holdings in the second quarter of 2022.
Source: https://cointelegraph.com
