Tesla's SEC Filing Shows Bitcoin Fair Market Value of $191 Million – Featured Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The fair market value of Tesla's bitcoin at the end of 2022 was $191 million, according to the company's SEC filing. crypto cryptocurrency $BTC $TSLA

. “As of December 31, 2022, and 2021, the carrying value of our digital assets held was $184 million and $1.26 billion, which reflects cumulative impairments of $204 million and $101 million, each period, respectively,” the company detailed, elaborating:

The fair market value of such digital assets held as of December 31, 2022 and 2021 was $191 million and $1.99 billion, respectively. The filing also notes that during the two years ended Dec. 31, 2022, Tesla “purchased and/or received an immaterial amount and $1.50 billion, respectively, of digital assets.”of its holdings in Q2 2022. The company also accepts the meme cryptocurrency dogecoin for some merchandise, which accounted for an “immaterial amount” of digital assets as stated in the SEC filing.

In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ERTHA

FEG

Do you think BTC, Ethereum, etc, are technologies that are going to be more widely used or adopted, in some way, in the future? They still feel mostly unknown or mis-educated on because there isn't much of an interface with them yet. But at somepoint, will they make it /1

Ok great, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!

Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months

This is exactly why I only trust ChiefraFba for signals and analysis

Ok then, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weekend Rally – Market Updates Bitcoin NewsBitcoin started the week trading near a five-month high, as prices consolidated the weekend’s gains. Ethereum declined further on Monday. Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months Waiting for the FOMC meeting. Totally agree, but I only use ChiefraFba for signals and analysis
Source: BTCTN - 🏆 531. / 51 Read more »