Tesla, who invested in bitcoin, began to lose money as the price of bitcoin plummeted, Barrance, an economic magazine in the United States, reported on the 23rd (local time).
On this day, Bitcoin fell to 32,000 dollars. Bitcoin’s highest was $64,000. The bitcoin price has been cut in half.
Tesla announced on February 8 that it had purchased $1.5 billion worth of Bitcoin. Tesla bought bitcoin in early February, and Tesla is known to have bought bitcoin for an average of $36700.
Currently, Bitcoin is at the $32,000 level. If Bitcoin cannot rebound, Tesla is inevitable.
Since Tesla’s investment in Bitcoin, Bitcoin has skyrocketed, once valuation gains reached up to $2.5 billion.
Tesla said in its earnings release last month, “Selling 10% of the $1.5 billion worth of bitcoins that were bought for $227 million, resulting in a profit of $110 million.” It reaches to” he added.
However, it is estimated that the valuation amount has decreased significantly as bitcoin has been cut in half.
Tesla’s Bitcoin investment performance is expected to be accurately revealed in the 2Q earnings release. The announcement of the second quarter results is scheduled for July 22nd.
