The fair market value of Tesla's bitcoin at the end of 2022 was $191 million, according to the company's SEC filing. crypto cryptocurrency $BTC $TSLA
. “As of December 31, 2022, and 2021, the carrying value of our digital assets held was $184 million and $1.26 billion, which reflects cumulative impairments of $204 million and $101 million, each period, respectively,” the company detailed, elaborating:
The fair market value of such digital assets held as of December 31, 2022 and 2021 was $191 million and $1.99 billion, respectively. The filing also notes that during the two years ended Dec. 31, 2022, Tesla “purchased and/or received an immaterial amount and $1.50 billion, respectively, of digital assets.”of its holdings in Q2 2022. The company also accepts the meme cryptocurrency dogecoin for some merchandise, which accounted for an “immaterial amount” of digital assets as stated in the SEC filing.
In the year ended December 31, 2022, we recorded $204 million of impairment losses resulting from changes to the carrying value of our bitcoin and gains of $64 million on certain conversions of bitcoin into fiat currency by us.
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