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Tesla’s Crypto Holdings of 2021: $2 Billion in Bitcoin

Tesla’s Crypto Holdings of 2021: $2 Billion in Bitcoin

World-renowned car manufacturer, owned by Elon Musk, Tesla had $2B in Bitcoin at the end of last year. 

Multiple tech companies have opted for hodling their Bitcoin stashes amidst the recent market crash. With the prices slightly climbing back up, and Bitcoin gaining 14.81% over the last 7 days, it might seem to have been worth the wait. 

According to the reports issued by Tesla to the US Securities and Exchange Commission (SEC), the electric car manufacturer held almost $2B worth of Bitcoin, with $101M in impairment losses throughout last year.

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"As of Dec. 31, 2021, the carrying value of our digital assets held was $1.26 billion, which reflects cumulative impairments of $101 million."

Likewise, based on the report, Tesla sold off some of its holdings back in March of 2021. This upped the company’s gains by $128M. At this time, Tesla holds just over 43K Bitcoin, putting the company just behind MicroStrategy, which had the most BTC holdings in 2021.

Currently, the price of Bitcoin is staying on an uprise, gaining 2.83% over the past 24 hours. BTC is now averaging $42,822.39.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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