Tesla owns nearly $ 2 billion worth of Bitcoin. By the end of 2021, They would have owned nearly $ 2 billion in Bitcoin.
Tesla reports in the Securities and Exchange Commission (SEC) that the company bought a total of $ 1.5 billion worth of Bitcoin in 2021. Tesla currently owns $ 1.99 billion worth of Bitcoin.
Bitcoin prices hit a record high of more than $ 68,000 in early November last year, but are now trading below $ 43,000. They announced in May that it had stopped accepting Bitcoin as a form of payment, but stopped in May due to environmental concerns.
According to SEC data, Tesla lost $ 101 million in 2021 from Bitcoin investments due to the declining value of the cryptocurrency. It said it had raised $ 128 million after selling part of its assets last March.
By 2021, the reorganization and other expenditures from Crypto cash flow were estimated at $ 27 million.