How much will Tesla's bitcoin holdings make in 2021?

Beijing time on February 8, local time on Monday, Tesla disclosed in a filing with the U.S. Securities and Exchange Commission (hereinafter referred to as the "SEC") that by the end of 2021, the value of bitcoin held is close to $2 billion.

Tesla will buy a total of $1.5 billion in bitcoin in 2021. By the end of 2021, the price of bitcoin has risen by nearly 60%, and the transaction price is above $ 46,000. Affected by a variety of factors, the price of Bitcoin hit a bottom of $30,000 in July last year, and then soared to over $68,000 in early November, setting a new all-time high. Tesla briefly accepted customers using bitcoin to buy products, before abandoning the attempt last May due to environmental concerns.

Tesla doesn't use bitcoin as a mark-to-market asset, which means that as long as there's no trading, bitcoin's rise or fall won't affect Tesla's profits. Tesla disclosed in its SEC filing that it recorded a $101 million impairment loss on its investment in Bitcoin in 2021 due to the decline in the price of Bitcoin. Tesla recorded a profit of $128 million on the sale of some of its bitcoin holdings in March last year.