Tesla's latest balance sheet shows bitcoin holdings worth $184 million. The company did not sell any $BTC in the fourth quarter. crypto cryptocurrency
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem.Tesla Inc. released its earnings results for Q4 2022 on Wednesday. The company’s balance sheet shows net digital assets of $184 million, down from $218 million in the
. According to its other financial statements, no digital assets were bought or sold during the fourth quarter.The electric car company’s digital assets comprise mostly bitcoin. The reduced value of its crypto holdings is due to fluctuations in the price of , which led to an impairment charge of $34 million. At the time of writing, bitcoin is trading at $23,087; it fell from about $47.8K to around $16.6K during 2022.
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