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Tesla says bitcoin investment worth $2.48 billion

Reuters2021-04-28

Tesla Inc said on Wednesday that the fair market value of bitcoin the electric carmaker held as of March 31 was $2.48 billion, suggesting it could stand to make around $1 billion dollars out of the investment were it to cash in the digital currency.

The world’s most valuable automaker, which said it had bought or received $1.5 billion in bitcoin by the end of the first quarter, reiterated in its regular report it had trimmed its position by 10% during the quarter.

Tesla said proceeds from sales of digital assets amounted to $272 million with a $101 million “positive impact”.

The company added that it recorded $27 million of impairment losses on its bitcoin investment in the three months ended March.

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Comment17

  • RT2021
    ·2021-04-28
    Wow
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  • miaomee
    ·2021-04-28
    Really??? 
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  • charlito
    ·2021-04-28
    Poor waste of musk's hype power. He should just focus on hyping tesla instead
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  • Huixianmogu
    ·2021-04-28
    Wow
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  • Maneko
    ·2021-04-28
    great?
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  • Jerry LCY
    ·2021-04-28
    ????
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  • Jerry LCY
    ·2021-04-28
    Hodl!!!
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  • kyawkh
    ·2021-04-28
    Getting shaky
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  • mootaromama
    ·2021-04-28
    The Dogefather has spoken.
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  • Ajinomoto
    ·2021-04-28
    He can really impact the market ?
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    • Tazjonz
      Super
      2021-04-28
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  • bennyl
    ·2021-04-28
    Like and comment please?
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    • bennyl
      sure!
      2021-04-28
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    • miaomee
      Yes Comment please
      2021-04-28
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  • Johnlimwt
    ·2021-04-28
    Very good investment
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  • Johnlimwt
    ·2021-04-28
    Good
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  • AhSeng82
    ·2021-04-28
    A drop in the ocean for them.
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  • hellotomato
    ·2021-04-28
    Like and comment 
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    • hellotomato
      Ok done
      2021-04-29
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    • AndyTeo
      Liked
      2021-04-29
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    • Pah
      Liked
      2021-04-29
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    View more 2 comments
  • Laapreecoorn
    ·2021-04-28
    Hmmmmmm
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  • seejy
    ·2021-04-28
    like and comment
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    • Eded
      LikeD
      2021-04-28
      Reply
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