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HomeUncategorizedTesla reports a loss of 170 million dollars in bitcoin in the...

Tesla reports a loss of 170 million dollars in bitcoin in the first half of the year

However, the company reported a $64 million profit from the sale of 75% of its digital assets.

The electric car manufacturer Tesla reported this Monday in a presentation to the US Securities and Exchange Commission, cited by CoinDesk, a $170 million loss in the first half of the year in its bitcoin holdings.

However, the company owned by tycoon Elon Musk reported a profit of 64 million million dollars for the sale of 75% of its digital assets during the same period.

Tesla owned around 42,000 bitcoins before the last quarter, so it is estimated that the average sale price was $29,000 for each.

Last February, the Texas-based firm announced the purchase of bitcoins worth 1,500 million dollars, an operation that caused a rise in the value of said digital currency.

On the other hand, the company informed of an increase in its spending plan and expects to spend between 6,000 and 8,000 million dollars in the remainder of this year and the next two.

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