Tesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion

Elon Musk’s electrical car company, Tesla, did not merchantability immoderate bitcoin successful the 4th quarter, according to the company’s latest fiscal statement. Tesla is holding bitcoin worthy $1.26 billion. The institution inactive has not resumed accepting bitcoin payments but present accepts the meme cryptocurrency dogecoin (DOGE) for immoderate merchandise.

Tesla Did Not Sell Bitcoin successful Q4

Tesla released its Q4 and FY2021 fiscal statements Wednesday. The company’s unaudited equilibrium expanse shows nett integer assets of $1.26 cardinal astatine the extremity of December past year. This magnitude is unchanged from the 3rd quarter.

Tesla’s unaudited equilibrium expanse showing integer assets. Source: Tesla

Tesla’s unaudited connection of currency flows besides shows that determination was nary acquisition oregon merchantability of integer assets successful the past 3 quarters. The lone cryptocurrency acquisition Tesla made was bitcoin successful the archetypal 4th successful the magnitude of $1.5 billion. The only sale the institution made was besides successful the archetypal quarter.

Tesla’s unaudited connection of currency flows showing erstwhile the institution bought and sold BTC. Source: Tesla

While Tesla ne'er disclosed however overmuch bitcoin it owns, Musk antecedently hinted that it is close to 42K BTC.

The electrical car institution started accepting bitcoin for payments successful March 2021. However, the institution halted accepting the crypto successful May citing environmental issues.

Musk subsequently said that Tesla volition resume accepting BTC erstwhile bitcoin miners tin corroborate cleanable vigor usage. “When there’s confirmation of tenable (~50%) cleanable vigor usage by miners with affirmative aboriginal trend, Tesla volition resume allowing Bitcoin transactions,” helium said. However, Tesla inactive has not resumed accepting bitcoin.

Meanwhile, Tesla is present accepting the meme cryptocurrency dogecoin (DOGE) for immoderate merchandise. Musk, besides known successful the crypto assemblage arsenic the Dogefather, has been a longtime protagonist of dogecoin. He precocious tried to tempt McDonald’s to judge DOGE by offering to devour a blessed repast connected tv if the fast-food concatenation accepts the meme coin. However, McDonald’s replied to Musk that it volition lone judge DOGE if Tesla accepts “grimacecoin.”

What bash you deliberation astir Tesla holding bitcoin but accepting dogecoin for payments? Let america cognize successful the comments conception below.

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