Tesla’s bitcoin holdings are “lightly” biting the dust

(AOF) – Tesla recorded a $170 million impairment charge on its bitcoin and dogecoin holdings in the first six months of the year. The US automaker assessed the value of its remaining digital assets at $222 billion as of June 30. This is what the group indicates in a document registered with the Securities and Exchange Commission (SEC) on Monday. He nevertheless recorded a gain of $64 million by converting his cryptoassets into fiat currency.

On a conference call with investors, Elon Musk, the company’s chief executive, said last week that “the reason we sold some of our bitcoin holdings was that we weren’t sure about the date on which the containment measures linked to the health situation in China were going to ease”.


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