PANews January 29 News, according to CoinDesk, Tesla’s Q4 earnings report shows that its Bitcoin holdings remain unchanged at 11,509 coins. Due to Bitcoin’s price dropping from approximately $114,000 to $88,000 in the last three months of last year, the company recorded a post-tax digital asset impairment loss of about $239 million. The company’s Q4 revenue was $24.9 billion, slightly below the expected $25.1 billion; adjusted earnings per share were $0.50, exceeding the expected $0.45.
Tesla first disclosed holding 43,200 Bitcoins in February 2021, and then sold about 75% of its holdings near the bottom of the 2022 bear market. Since then, its Bitcoin holdings have remained relatively stable. The current holdings are valued at approximately $1 billion (based on Bitcoin’s current price of $89,000).
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