Of that amount, the firm currently has $170 million in unrealized losses from changes in the fair value of its investment. This is offset by a $64 million gain from realized profits on Bitcoin at various points in the last two years, resulting in a net loss of $106 million by the end of Q3.
Earlier during Q2 2022, Tesla offloaded $936 million worth of BTC in an effort to recover cash due to pandemic-related revenue and profit losses in the Chinese market.
According to the company's Q3 2022 earnings report, Tesla currently still holds about $2.18 million in BTC.
Post a Comment