The “fair market value” of BTC held by Tesla as of Dec. 31, 2021, was $1.99 billion, the companyThe filing reads that Tesla sold a portion of its BTC holdings in March 2021, with realized gains of $128 million.
The company previously announced aAccording to the filing, Tesla recorded $101 million of impairment losses on Bitcoin in 2021. “Gains are presented net of impairment losses in restructuring and other in the consolidated statement of operations. As of Dec. 31, 2021, the carrying value of our digital assets held was $1.26 billion, which reflects cumulative impairments of $101 million,” the filing notes.
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