Tesla’s Latest 10-K Filing Reports $1B investment in Bitcoin
Tesla, an electrical car producer led by Elon Musk, reported holding roughly 11,509 bitcoins with a complete price foundation of $387 million. The EV big’s Bitcoin funding is at the moment price greater than $1 billion.
As per its newest 10-Ok filing, Tesla famous that throughout the years ended December 31, 2024, and 2023, the corporate bought or obtained solely immaterial quantities of digital property.
The submitting says, “Throughout the years ended December 31, 2023 and 2022, $204 million of impairment losses on digital property, respectively.”
Which means Tesla acknowledged important losses in each years, with the next impairment in 2023, presumably as a consequence of market volatility or decrease Bitcoin costs on the time.
As of February 10, 2025, Bitcoin (BTC) is buying and selling at roughly $97,000, reflecting a 1.37% improve from the earlier shut. With this worth, Tesla’s 11,509 BTC holdings could be price roughly $1.12 billion.
MicroStrategy stays the most important company Bitcoin holder, with 478,740 BTC acquired for $31.1 billion at a median price of $65,033 per BTC.
Additionally Learn: Tesla and SpaceX Bitcoin Holdings Hit $2B Amid BTC Surge
