Tesla’s Bitcoin Holdings Worth Nearly $2 Billion: Filing

Tesla’s Bitcoin Holdings Worth Nearly $2 Billion: Filing
Representations of virtual currency bitcoin are seen in front of Tesla logo in this illustration taken, on Feb. 9, 2021. Dado Ruvic/Reuters
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Tesla Inc. said on Monday the fair market value of the electric-vehicle maker’s bitcoin holdings as of Dec. 31 was $1.99 billion.

In its annual filing with the U.S. Securities and Exchange Commission, Tesla, which had invested $1.50 billion in bitcoin last year, said it registered about $101 million in impairment losses last year due to the value of bitcoin.