Tesla on July 20 аныкталган that it sold 75% of its Bitcoin (BTC) holdings in the second quarter of 2022.
According to the electric car maker shareholder’s deck, its Bitcoin trade brought $936 million to its balance sheet.
отчеттор had predicted that Tesla’s Bitcoin holding was going to record an impairment loss of over $400 million because of the record crash of the crypto industry.
Bitcoin lost around 58% of its value in the second quarter, its эң жаман жоготуу он жылдан ашык убакытта.
Meanwhile, the company said its total revenue grew by 42% year-on-year in the second quarter to $16.9 billion.
Tesla’s operating income also improved on the year-on-year metric to $2.5 billion, however, it added that the income was impacted by its Bitcoin impairment, and other reasons.
The Elon Musk-led company сатып алган $1.5 billion worth of Bitcoin in 2021 when the asset was trading around the $30,000 range.
Компания кийин сатылган 10% of its holdings in the first quarter of 2021. Since then, it did not buy or sell any of its holdings until 2022’s second quarter.
The electric car maker also briefly кабыл алынган payments for its vehicle in the flagship digital asset before капыстан токтоп калуу the scheme due to environmental concerns.
Tesla’s stock reportedly роза by over 4% after hours.
Bitcoin’s price has reacted negatively to the news crashing by over 2% on the 1-hour time frame to $23,205, according to CryptoSlate маалыматтары.
Source: https://cryptoslate.com/tesla-has-sold-75-of-its-bitcoin-holdings-earning-936m/