The company’s reserves now cost about $ 5 billion, given how much Tesla bought in 2021.
American company Tesla lost several billion dollars, selling 75% of its bitcoins in 2022. Then prices for the most popular cryptocurrency are lower than today. This was reported by CNBC.
In the mid -2022, Tesla sold three quarters of her possessions when the cryptocurrency market collapsed. This happened after buying bitcoins for 1.5 billion US dollars in 2021,
The company’s digital assets are now estimated at 1.24 billion US dollars, which is more than 722 million US dollars a year ago.
Bitcoin is now trading at a price of more than 119 thousand dollars, almost six times more than the end of the second quarter of 2022, the time Tesla sold a big part of Bitcoins.
So, if Tesla retained all of its bitcoins, these reserves now cost about $ 5 billion based on assessments of how much Tesla bought in 2021.
Bitcoins for $ 936 million, which the company has converted to accessible money, is now estimated to be over $ 3.5 billion.
Remember that we have already written that the Azoria Investment Fund has postponed the release of the Tesla Exchange Fund due to the creation of a mask party.
Tesla sharing dropped 8% after a mask about its own political party.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.