Tesla (NASDAQ: TSLA ) may report around $440 million in bitcoin in its upcoming second-quarter earnings report , as Bitcoin ‘s price plummeted in the last three months , according to recent media reports. currency impairment loss.
The loss amounted to about 9% of Tesla’s annual profit last year.
Data shows that Tesla held more than $1.2 billion in bitcoin in the first quarter, and the digital currency fell 58% in the second quarter, recording its worst quarterly performance on record, so Tesla is likely to face huge bitcoin Currency impairment loss.
In March of this year, Tesla CEO Elon Musk said on social media that he did not plan to sell his bitcoin, ethereum and dogecoins.
In addition to Tesla, Block, Coinbase, MicroStrategy and many other companies that hold Bitcoin are facing losses. At present, the total global cryptocurrency market capitalization has fallen to $868 billion.
At the time of writing, the Bitcoin price is around $19,000.