Tesla's latest annual financial statements shows Bitcoin worth $ 1.26 billion

Tesla's latest annual financial statements shows Bitcoin worth $ 1.26 billion

The electric car company of Elon Musk, Tesla, has not sold any bitcoins in the fourth quarter, according to the company's recent annual financial statements. Tesla holds Bitcoin worth $ 1.26 billion. The company has still not resumed the acceptance of Bitcoin payments, but now accepts the Meme cryptocurrency Dogecoin (Doge) for some.

Tesla did not sell Bitcoin in the fourth quarter

Tesla published its financial reports for the fourth quarter and the 2021 financial year on Wednesday. The unchecked balance of the company at the end of December last year shows a digital net assets of $ 1.26 billion. This amount is compared to the third quarter .

Teslas the latest annual financial statements in Value of $ 1.26 billion
Teslas Unchecked balance with digital assets. Source: Tesla

The unchecked capital flow statement by Tesla also shows that no purchases or sales of digital assets have taken place in the last three quarters. The only cryptocurrency purchase that Tesla made in the first quarter was Bitcoin of $ 1.5 billion. The only sell in the first quarter.

Teslas the latest annual financial statements in Value of $ 1.26 billion
Teslas Unchecked capital flow calculation shows when the company bought and sold Bitcoin . Source: Tesla

While Tesla has never disclosed how much Bitcoin it has, Musk previously indicated that this is the case target = "_ blank" class = "lar-automated-link" href = "https://markets.bitcoin.com/crypto/btc" rel = "noopener"> bitcoin .

The electric car company started in March 2021 with the acceptance of Bitcoin for payments. However, the company was accepting the crypto in May, citing Bitcoin, a target = "_ blank" htef = "https://news.bitcoin.com/elon-musk-tesla-suspended-accepting-bital-issues/" Rel = "noopener"> Environmental problems .

Musk then said that Tesla would resume the acceptance Bitcoin If Bitcoin-Miner can confirm the clean energy consumption. "If there is a confirmation of a reasonable (~ 50 %) clean energy consumption by miners with a positive future trend, Tesla Bitcoin transactions will allow again", he said . However, Tesla has still not resumed the acceptance of Bitcoin.

In the meantime, Tesla is now accept the meme cryptocurrency dogecoin (doge) for some. Musk, also known as a Dogefather in the crypto community, has long been a supporter of Dogecoin. He recently tries to seduce mcdonald’s accepted by offering, by offering Eating a happy meal on television when the fast food chain accepts the meme. McDonald’s replied, however, that Doge will only accept it if Tesla accepts "GrimaceCooin".

What do you think that Tesla Bitcoin holds but accepts Dogecoin for payments? Let us know in the comment area below.

Kevin Helms

As a student of Austrian economics, Kevin Bitcoin discovered in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economy and cryptography.


Bedy verification : Shutterstock, Pixabay, Wikicommons