Documents Reveal: Tesla Inc. Holds Nearly $2 Billion in Bitcoin

In a Feb. 7 filing with the U.S. Securities and Exchange Commission (SEC), Tesla said the company held nearly $2 billion worth of bitcoin as of the end of last year.

Disclosures show that Tesla bought $1.5 billion in bitcoin last year. Bitcoin still traded higher last year, rising nearly 60% for the year to close at $46,000. Under the leadership of Musk, Tesla has entered the virtual currency market in a big way. Last year, Tesla once accepted bitcoin as one of the payment methods for users to buy electric vehicles, but later called it out of the consideration of mining damage to the environment. stop.

Tesla does not calculate the real-time market price of bitcoin when measuring the asset, which means it only affects the company's asset value when it buys and sells bitcoin. According to filings last year, Tesla lost $101 million on the investment due to bitcoin’s decline, and Tesla gained $128 million by selling bitcoin. Overall, Tesla made a total of $27 million last year buying and selling bitcoin.