The following is the From January to June 2022, Tesla bitcoin impairment loss reached US $170million From Tesla recommended by recordtrend.com. And this article belongs to the classification: Bitcoin.
According to reports, Tesla recently submitted to the U.S. Securities and Exchange Commission (SEC) form 10-Q documents show that in the first half of this year, Tesla included $170million in bitcoin impairment losses. In the first half of 2021, Tesla purchased bitcoin worth $1.5 billion. As of the first half of this year, Tesla has converted about 75% of bitcoin into legal tender.
In the first half of this year, Tesla recorded an impairment loss of $170million due to changes in the book value of bitcoin held. In the process of converting these digital assets into legal tender, Tesla earned $64million.
In contrast, in the first half of 2021, Tesla earned $128million in the process of converting digital assets into legal tender. In the second quarter of 2021, Tesla recorded an impairment loss of $23million, while the entire first half of the year recorded an impairment loss of $50million.
As of June 30, 2022, the book value of digital assets held by Tesla was $218 million, while as of December 31, 2021, it was $1.26 billion. The cumulative impairment of each time period was $169 million and $101 million respectively. As of June 30, 2022, the fair market value of such digital assets held by Tesla was $222million.
Read more: Google Trends: data shows that the search volume of “buy bitcoin with credit card” has reached a record high, “the Daily Telegraph” : Tesla may lose $440million due to bitcoin in Q2 2022, which is equivalent to 9% of the annual profit. Copper: at present, 18% of bitcoin has been lost cryptocompare: in June 2022, the transaction scale of cryptocurrency was only $14100, with a decline of nearly 28%. The prices of Ethereum and bitcoin increased significantly. The market value of cryptocurrency temporarily exceeded $1trillion glassnode: after the price of bitcoin plummeted, long-term holders sold more than 178000 bitcoin, and the decline of bitcoin was once high FTC: cryptocurrency scam losses of more than $1billion since 2021 coingecko: the total market value of cryptocurrency has exceeded the $3trillion mark MIT: research shows that eight bitcoins are scrapped and a RTX 3090 graphics card coinbase: in Q2, the transaction volume of bitcoin fell by 14% month on month in 2021 Bank of America: the survey shows that 80% of institutions believe that bitcoin is falsely high Michael Novogratz: the report says that bitcoin consumes less energy than the banking system and the gold industry Gen Datong: the main driver of the sharp rise of bitcoin in Q1 2021 is retail composite capital advisors: bitcoin is the best performing asset in the past 10 years
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