As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this:
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Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021;
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realized a gain of $128 million on a sale of some of its stake earlier in 2021;
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has now taken a $101 million impairment on the holding as bitcoin’s value has diminished; and
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currently Tesla’s bitcoin stake has a market value of nearly $2 billion, and a ‘carrying…
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