Tesla holds Bitcoin worth $ 2 billion-sees Krypto as an investment and as a liquid alternative to cash-featured
Tesla holds Bitcoin worth $ 2 billion-sees Krypto as an investment and as a liquid alternative to cash-featured
The electric car company of Elon Musk, Tesla, has submitted an annual report to the US stock exchange inspectorate SEC, which shows Bitcoin stocks with a fair value of almost $ 2 billion at the end of December. The company sees crypto both as an investment and as a liquid alternative to cash.
Tesla has $ 2 billion in Bitcoin
Tesla submitted an annual report on the US stock exchange supervisory authority on Friday.
"We continue to adapt our investment strategy to achieve our liquidity and risk goals, such as investments in US state papers and other marketable securities, digital assets and the provision of product-related financing," wrote the company and added:
The fair market value of our Bitcoin stocks on December 31, 2021 was $ 1.99 billion.
The report explains that Tesla bought Bitcoin worth $ 1.5 billion in early 2021 and later accepted cryptocurrency as a means of payment for certain products in some regions. However, the electric car company made the assumption from bitcoin in May last year. In October, Tesla informed the SEC that this was possible NEUSTART CLYPTOGENTION.
The latest annual financial statements of Tesla shows that the “book value” of the company's bitcoins at the end of December was 1.26 billion Dollar , which reflects cumulative impairments of $ 101 million. As of December 31, Tesla had "$ 17.58 billion in means of payment and means of payment". The company found:
In the financial year on December 31, 2021, we recorded reduction in value of around $ 101 million, which resulted in changes to the book value of our Bitcoin and gain $ 128 million from certain sales of Bitcoin.
The electric car company continued to the SEC: "We can increase or reduce our stocks in digital assets at any time, based on the needs of the company and in our assessment of the market and environmental conditions", and explained:
We believe in the long -term potential of digital assets both as an investment and as a liquid alternative to cash.
Tesla's annual report 2021 does not contain any income from the Meme cryptocurrency Dogecoin (Doge), with which the company has started accept for payments for some goods in January of this year. On several occasions, Elon Musk said that Dogecoin is the best crypto for is transactions While Bitcoin is more suitable as a value -plot.
What do you think that Tesla Bitcoin is worth $ 2 billion? Let us know in the comment area below.
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