2022 was a huge disappointment for bitcoin holders. The world’s largest cryptocurrency dropped from over 47,000 in just a few months. dollars at the end of March to about 16 – 17 thousand. dollars in the second half of November and December (9 and 21 November it was even below $16,000). Last New Year’s Eve, you had to pay 16.29 thousand for bitcoin. dollars.
Tesla lost $204 million. on bitcoin. She earned $64 million.
Tesla turned out to be a huge loser in this situation. It was no secret that the American manufacturer of electric cars, led by Elon Musk, has a large stock of bitcoins. Now, however, we find out what specific damage Tesla was caused by the falling exchange rate of this currency.
According to regulatory documents provided by the company to the U.S. Securities and Exchange Commission, Tesla lost a total of $204 million in bitcoins in 2022. The company managed to recover $64 million as a result of favorable coin sales, but the net loss is still a trifle of $140 million.
Tesla invested in bitcoin in February 2021, when the exchange rate fluctuated on average around 40-50 thousand. dollars. The company then bought coins worth a trifle $ 1.5 billion, which boosted the Bitcoin price by a record 25 percent at the time. –
Musk strongly believed in the power of this cryptocurrency, and in March 2021 he even announced that Tesla would start accepting payment for cars in bitcoins. This boosted the exchange rate of this money again. Finally, after two months, he withdrew from the idea. Tesla sold as much as 75 percent. their bitcoins in mid-July 2022, shortly after the value of the cryptocurrency fell sharply. Currently, the US carmaker has coins worth about $184 million.
Bitcoin is making a comeback? Almost 40 percent up in January
In January, the bitcoin price rebounded sharply and is now at 23,000. dollars. In the first month of In 2018, the cryptocurrency grew by almost 39 percent, which is one of the largest increases in history. Still, bitcoin is now worth 40.6 percent. less than a year ago.
It is also very far from the historical records of March 12 and November 12, 2021, when the value of the virtual coin was 61.29 thousand and 61.29 thousand, respectively. and 64.4 thous. dollars. This is almost three times more than at present and four times more than at the turn of 2022 and 2023.
Source: Gazeta
Mabel is a talented author and journalist with a passion for all things technology. As an experienced writer for the 247 News Agency, she has established a reputation for her in-depth reporting and expert analysis on the latest developments in the tech industry.
