Electric vehicle manufacturer Tesla held an estimated $1.99 billion worth of BTC at fair market value at the close of 2021 as per the Securities and Exchange Commission filings.
The report shows that the EV maker had $101 million in impairment losses in the same period, with the carrying value standing at $1.26 billion.
Tesla disposed of part of the BTC holdings registering $128 million in realized gains. The automaker had announced a record $1.5 billion bitcoin purchase last February.
Tesla kept holding on to its bitcoins despite withdrawing support for its payment last year, citing the environmental impact concerns.
The company had also announced $272 million from BTC sales in the first quarter of 2021.
Data from Bitcoin Treasuries shows that Tesla currently owns an estimated 43,200 BTC, becoming the second-largest institutional holder after MicroStrategy, which has over 125,000.
Source: Cointelegraph
