Elon Musk Tesla’s recent report filed with the U.S. Securities and Exchange Commission shows the firm holding $222 million worth of “digital assets” on its balance sheet as of the end of June.
In the six month period ended June 30 2022, Tesla reportedly recorded $170M of impairment losses due to changes to the carrying value of Bitcoin holdings.
The latest figures come to light after last week’s wave of frenzy when Tesla announced that it sold 75% of Bitcoin. CEO Elon Musk had stated that the company had sold its bitcoin to free up cash as COVID lockdowns continue in China.
