Tesla bitcoin losses

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Tesla has taken a $34m (?27m) loss from its Bitcoin holdings after the cryptocurrency market was plunged into chaos at the end of last year. Two of the largest bag holders of Bitcoin, namely Tesla and Microstrategy, are facing losses of approximately $ billion on their large Bitcoin purchases. Tesla recorded a $M impairment loss in on its Bitcoin holdings. The loss was offset by $64M in profits from Bitcoin trading.

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Bitcoin 'wholecoiner' wallets surge by 13k in the past week Read More.. Blockchain investments disrupting the real estate industry: Report Read More.. Sebi to make celebrity endorsement of crypto products tougher Read More.. Michael Sayor's Microstrategy and Elon Musk's Tesla are facing hefty losses as a result of their investments in Bitcoin.