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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 148 (from laksa070)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa148.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical, ml_categories_json AS ml_categories_json, ml_types_json AS ml_types_json, ml_intent_types_json AS ml_intent_types_json, meta_language AS meta_language, attrs_author AS attrs_author, ifNull(toUnixTimestamp(attrs_publish_time), 0) AS attrs_publish_time, ifNull(toUnixTimestamp(attrs_original_publish_time), 0) AS attrs_original_publish_time, ifNull(attrs_is_republished, 0) AS attrs_is_republished, ifNull(attrs_nr_words, 0) AS attrs_nr_words, ifNull(attrs_boilerpipe_nr_words, 0) AS attrs_boilerpipe_nr_words, ifNull(body_ext_links_number, 0) AS body_ext_links_number, ifNull(body_int_links_number, 0) AS body_int_links_number, ifNull(meta_nofollow, 0) AS meta_nofollow, ifNull(meta_noarchive, 0) AS meta_noarchive, ifNull(props_was_rendered, 0) AS props_was_rendered, ifNull(src_redirect, \'\') AS src_redirect, ifNull(download_time_msec, 0) AS download_time_msec, ifNull(download_ttfb_msec, 0) AS download_ttfb_msec, ifNull(download_size, 0) AS download_size FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.investopedia.com/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.investopedia.com/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.investopedia.com\/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384","crawl_time":1776600464,"first_indexed_time":1644329754,"http_code":200,"src_unparsed":"com,investopedia!www,\/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384 s443","src_root_hash":"7273739457760125548","history_drop_reason":null,"meta_title":"Tesla Reports Almost $2B in Bitcoin Holdings in 2021","meta_descriptions":["Tesla reported $1.99 billion worth of Bitcoin on its balance sheet in 2021. It had crypto-related impairment charges of $101 million last year."],"attrs_boilerpipe_text":"Electric carmaker Tesla, Inc. (\nTSLA\n) held almost $2 billion worth of\nBitcoin\n(\nBTCUSD\n) on its balance sheet at the end of 2021, the company reported in an SEC filing on Monday, Feb. 7.\n1\nThat figure represents a healthy gain of 33% from the\n$1.5 billion it spent\non buying the asset earlier that year. The\ncarrying value\nof Tesla's Bitcoin holdings at the end of 2021 was $1.26 billion, and their\nmarket value\nwas $1.99 billion.\nKey Takeaways\nElectric carmaker Tesla reported $1.99 billion worth of Bitcoin on its balance sheet at the end of 2021.\nThe company purchased $1.5 billion worth of Bitcoin at the beginning of the year and sold some of its stash for a profit in March 2021.\nTesla reported impairment charges due to drawdowns in crypto prices. It ended the year with an impairment charge of $101 million for its Bitcoin holdings.\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\nBullish on Bitcoin\nTesla is among the few publicly listed companies with Bitcoin on its balance sheet. Its CEO Elon Musk has long been bullish on Bitcoin, an asset whose price breached new price highs during the pandemic.\n2\nThe company also accepts bitcoin for purchases of certain products on its website.\nAs Bitcoin's price reached stratospheric heights, culminating in a high of almost $68,000 in April 2021, Tesla sold some of its Bitcoin stash for $272 million and collected a profit of $128 million from the transaction. A subsequent drawdown in crypto prices forced the company to record\nimpairment charges\n—losses in the value of its holdings—in successive quarters. It recorded impairment charges of $51 million and $23 million during the third and second quarters of 2021.\n3\n4\nThe recent filing revealed that Tesla had total impairment charges of $101 million related to Bitcoin in all of 2021.\nThe company may have to report more losses this year. The trajectory of crypto markets has reversed in 2022. The price of Bitcoin\nfell by almost 50%\nfrom its highs last year after investors recalibrated their portfolios to shed risky assets in anticipation of a rise in interest rates.\nBut Tesla is not backing off from its Bitcoin bet. \"We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash,\" the company stated in its filing. It also said that it would increase or decrease its holdings of digital assets based on its view of \"market and environmental conditions.\"","attrs_markdown":"\n\n[Skip to content](https:\/\/www.investopedia.com\/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384#main)\n\n[Investopedia](https:\/\/www.investopedia.com\/)\n\n[Trade](https:\/\/www.investopedia.com\/simulator\/?inv_to_sim=global_nav)\n\n- Please fill out this field.\n- [Newsletters](https:\/\/www.investopedia.com\/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384)\n\nPlease fill out this field.\n\n- [News](https:\/\/www.investopedia.com\/news-4427706)\n  News\n  \n  - [Markets](https:\/\/www.investopedia.com\/markets-news-4427704)\n  - [Companies](https:\/\/www.investopedia.com\/company-news-4427705)\n  - [Earnings](https:\/\/www.investopedia.com\/earnings-reports-5218419)\n  - [CD Rates](https:\/\/www.investopedia.com\/certificates-deposit-news-7111770)\n  - [Mortgage Rates](https:\/\/www.investopedia.com\/mortgage-rates-5184598)\n  - 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Rakesh is an expert in investing, business, blockchain, and cryptocurrencies.\n\nLearn about our  [editorial policies](https:\/\/www.investopedia.com\/legal-4768893#editorial-policy)\n\nPublished February 08, 2022\n\n08:55 AM EST\n\nClose\n\nElectric carmaker Tesla, Inc. ([TSLA](https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tsla)) held almost \\$2 billion worth of [Bitcoin](https:\/\/www.investopedia.com\/terms\/b\/bitcoin.asp) ([BTCUSD](https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=btcusd)) on its balance sheet at the end of 2021, the company reported in an SEC filing on Monday, Feb. 7.1 That figure represents a healthy gain of 33% from the [\\$1.5 billion it spent](https:\/\/www.investopedia.com\/tesla-tsla-discloses-usd1-5b-investment-in-bitcoin-5105078) on buying the asset earlier that year. The [carrying value](https:\/\/www.investopedia.com\/terms\/c\/carryingvalue.asp) of Tesla's Bitcoin holdings at the end of 2021 was \\$1.26 billion, and their [market value](https:\/\/www.investopedia.com\/terms\/f\/fairmarketvalue.asp) was \\$1.99 billion.\n\n### Key Takeaways\n- Electric carmaker Tesla reported \\$1.99 billion worth of Bitcoin on its balance sheet at the end of 2021.\n- The company purchased \\$1.5 billion worth of Bitcoin at the beginning of the year and sold some of its stash for a profit in March 2021.\n- Tesla reported impairment charges due to drawdowns in crypto prices. It ended the year with an impairment charge of \\$101 million for its Bitcoin holdings.\n\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\n\nASK\n## Bullish on Bitcoin\nTesla is among the few publicly listed companies with Bitcoin on its balance sheet. Its CEO Elon Musk has long been bullish on Bitcoin, an asset whose price breached new price highs during the pandemic.2 The company also accepts bitcoin for purchases of certain products on its website.\n\nAs Bitcoin's price reached stratospheric heights, culminating in a high of almost \\$68,000 in April 2021, Tesla sold some of its Bitcoin stash for \\$272 million and collected a profit of \\$128 million from the transaction. A subsequent drawdown in crypto prices forced the company to record [impairment charges](https:\/\/www.investopedia.com\/investing\/impairment-charges\/)—losses in the value of its holdings—in successive quarters. It recorded impairment charges of \\$51 million and \\$23 million during the third and second quarters of 2021.34 The recent filing revealed that Tesla had total impairment charges of \\$101 million related to Bitcoin in all of 2021.\n\nThe company may have to report more losses this year. The trajectory of crypto markets has reversed in 2022. The price of Bitcoin [fell by almost 50%](https:\/\/www.investopedia.com\/why-is-bitcoin-price-dropping-5216985) from its highs last year after investors recalibrated their portfolios to shed risky assets in anticipation of a rise in interest rates.\n\nTake the Next Step to Invest\n\nAdvertiser Disclosure\n\n×\n\nThe offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.\n\nBut Tesla is not backing off from its Bitcoin bet. \"We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash,\" the company stated in its filing. It also said that it would increase or decrease its holdings of digital assets based on its view of \"market and environmental conditions.\"\n\nDo you have a news tip for Investopedia reporters? Please email us at\n\n[tips@investopedia.com](mailto:tips@investopedia.com)\n\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\n\nASK\n\nArticle Sources\n\nInvestopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our [editorial policy.](https:\/\/www.investopedia.com\/legal-4768893#EditorialPolicy)\n\n1. SEC. \"[Tesla Filing](https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001318605\/000095017022000796\/tsla-20211231.htm).\"\n2. Coindesk. \"[The Elon Effect: How Musk's Tweets Move Crypto Markets](https:\/\/www.coindesk.com\/layer2\/culture-week\/2021\/12\/14\/the-elon-effect-how-musks-tweets-move-crypto-markets\/).\"\n3. CNBC. \"[Tesla Records \\$23 Million in Bitcoin-Related Impairment Charges](https:\/\/www.cnbc.com\/2021\/07\/26\/tesla-records-23-million-in-bitcoin-related-impairments-in-q2.html).\"\n4. Coindesk. \"[Tesla Takes Impairment Charge on Bitcoin Holdings](https:\/\/www.coindesk.com\/business\/2021\/10\/20\/tesla-takes-51m-impairment-charge-for-bitcoin-in-third-quarter\/).\"\n\nCompare Accounts\n\nAdvertiser Disclosure\n\n×\n\nThe offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.\n\nRead more\n\n- [News](https:\/\/www.investopedia.com\/news-4427706)\n- [Company News](https:\/\/www.investopedia.com\/company-news-4427705)\n\nPartner Links\n\n## Related Articles\n[![Traders are seen working on the floor of the New York Stock Exchange.](https:\/\/www.investopedia.com\/thmb\/Pj0DW9oN5d2KelFZKOWukExghWA=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2269529443-5f7a46b271604ce7a29f756203e78bbe.jpg) ![Traders are seen working on the floor of the New York Stock Exchange.](https:\/\/www.investopedia.com\/thmb\/Pj0DW9oN5d2KelFZKOWukExghWA=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2269529443-5f7a46b271604ce7a29f756203e78bbe.jpg) 5 Things to Know Before the Stock Market Opens](https:\/\/www.investopedia.com\/5-things-to-know-before-the-stock-market-opens-april-6-2026-11943235)\n\n[![People are seen standing around a silver Tesla vehicle, with the Tesla logo on a wall.](https:\/\/www.investopedia.com\/thmb\/kQYwfOLkDqRzzR6nE261lvJuA8s=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2269812045-aca3074a12fb4cd791e1a435e11de339.jpg) ![People are seen standing around a silver Tesla vehicle, with the Tesla logo on a wall.](https:\/\/www.investopedia.com\/thmb\/kQYwfOLkDqRzzR6nE261lvJuA8s=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2269812045-aca3074a12fb4cd791e1a435e11de339.jpg) Tesla Is Designing a Smaller, Lower-Cost SUV. The Move Could Signal a Major Strategy Shift.](https:\/\/www.investopedia.com\/tesla-is-designing-a-smaller-lower-cost-suv-the-move-could-signal-a-major-strategy-shift-tsla-11946223)\n\n[![Tesla vehicles are seen on a used car lot.](https:\/\/www.investopedia.com\/thmb\/r2FwMfty1C_xkIwlE7ydwnn1p_A=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2269134514-45161c14009547e48698d6edf324fa39.jpg) ![Tesla vehicles are seen on a used car lot.](https:\/\/www.investopedia.com\/thmb\/r2FwMfty1C_xkIwlE7ydwnn1p_A=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2269134514-45161c14009547e48698d6edf324fa39.jpg) Tesla's Sales Struggles Are Improving, But Not as Quickly as Wall Street Hoped](https:\/\/www.investopedia.com\/tesla-sales-struggles-are-improving-but-not-as-quickly-as-analysts-had-hoped-tsla-11941160)\n\n[![Jensen Huang, chief executive officer of Nvidia Corp., speaks during a keynote address at the Nvidia GTC conference in San Jose, California.](https:\/\/www.investopedia.com\/thmb\/xOnrVjrnnIRamIm0vk_ymEr1PqU=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2266484991-ca8abbccd3b44492b24764b287bdd00f.jpg) ![Jensen Huang, chief executive officer of Nvidia Corp., speaks during a keynote address at the Nvidia GTC conference in San Jose, California.](https:\/\/www.investopedia.com\/thmb\/xOnrVjrnnIRamIm0vk_ymEr1PqU=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2266484991-ca8abbccd3b44492b24764b287bdd00f.jpg) AI Chip Demand Shows No Signs of Slowing. Can Chip Stocks Keep Up?](https:\/\/www.investopedia.com\/ai-chip-demand-shows-no-signs-of-slowing-can-chip-stocks-keep-up-11947616)\n\n[![An illustration of a pile of golden physical bitcoin. ](https:\/\/www.investopedia.com\/thmb\/phigTzwHxG-ff2ZdGvtSC3fCCXE=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2264005343-e082d93e774a44359eeb46c8473896fc.jpg) ![An illustration of a pile of golden physical bitcoin. ](https:\/\/www.investopedia.com\/thmb\/phigTzwHxG-ff2ZdGvtSC3fCCXE=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2264005343-e082d93e774a44359eeb46c8473896fc.jpg) Bitcoin Had a Great Week. Crypto-Linked Stocks Did Even Better](https:\/\/www.investopedia.com\/bitcoin-had-a-great-week-crypto-linked-stocks-did-even-better-mstr-hood-coin-11952864)\n\n[![Person watching a home shopping channel on television featuring a presenter at a desk](https:\/\/www.investopedia.com\/thmb\/XdyDLyRYlUbLSr7LXfOsmf35MSI=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-958862946-c42acf705d584f6f983aa31fc12df866.jpg) ![Person watching a home shopping channel on television featuring a presenter at a desk](https:\/\/www.investopedia.com\/thmb\/XdyDLyRYlUbLSr7LXfOsmf35MSI=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-958862946-c42acf705d584f6f983aa31fc12df866.jpg) QVC Is Filing for Bankruptcy After 40 Years on the Air—Is This the End of Home Shopping?](https:\/\/www.investopedia.com\/qvc-is-filing-for-bankruptcy-after-40-years-on-the-air-is-this-the-end-of-home-shopping-hsn-tiktok-11951375)\n\n[![Intel CEO Lip-Bu Tan and Tesla CEO Elon Musk shake hands](https:\/\/www.investopedia.com\/thmb\/AAM8lUKVUGEqp4MYvYogyUp0e1g=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/HFTb6BbbcAANe5y2-c5f0fc0330044b16a93b9a967a34a267.jpg) ![Intel CEO Lip-Bu Tan and Tesla CEO Elon Musk shake hands](https:\/\/www.investopedia.com\/thmb\/AAM8lUKVUGEqp4MYvYogyUp0e1g=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/HFTb6BbbcAANe5y2-c5f0fc0330044b16a93b9a967a34a267.jpg) Intel Is Joining Elon Musk's Terafab Project. The Deal Is a Win for the US Chipmaker](https:\/\/www.investopedia.com\/intel-is-joining-elon-musk-terafab-project-here-is-why-its-a-win-for-the-chipmaker-11944936)\n\n[![The Intel logo is seen on a blue sign in front of the company's headquarters, with the word \"experience\" on the wall.](https:\/\/www.investopedia.com\/thmb\/obaGK2cJ3iDw6-9FfdsC4BzlN-o=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2257634598-8a40aaf09eca4249a070aa904544c323.jpg) ![The Intel logo is seen on a blue sign in front of the company's headquarters, with the word \"experience\" on the wall.](https:\/\/www.investopedia.com\/thmb\/obaGK2cJ3iDw6-9FfdsC4BzlN-o=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2257634598-8a40aaf09eca4249a070aa904544c323.jpg) Intel Racks Up Another Win With Google AI Chip Deal](https:\/\/www.investopedia.com\/intel-racks-up-another-win-with-google-ai-chip-deal-intc-googl-11946285)\n\n[![A SpaceX Falcon 9 rocket lifts off from launchpad 40 at the Cape Canaveral Space Force Station, carrying Northrop Grumman's Cygnus XL cargo spacecraft towards the International Space Station.](https:\/\/www.investopedia.com\/thmb\/ExyYLtXPHNo1JekYsBpe_vGX-h4=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2235059944-15f59dc4f25b4a6ea441e7f8e2a4702d.jpg) ![A SpaceX Falcon 9 rocket lifts off from launchpad 40 at the Cape Canaveral Space Force Station, carrying Northrop Grumman's Cygnus XL cargo spacecraft towards the International Space Station.](https:\/\/www.investopedia.com\/thmb\/ExyYLtXPHNo1JekYsBpe_vGX-h4=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2235059944-15f59dc4f25b4a6ea441e7f8e2a4702d.jpg) The Countdown Starts On Musk's Mega IPO. SpaceX Files Confidentially to Go Public, Reports Say.](https:\/\/www.investopedia.com\/the-countdown-starts-on-musk-mega-ipo-spacex-files-confidentially-to-go-public-reports-say-11940586)\n\n[![Visitors visit the ASML booth at SEMICON China 2026](https:\/\/www.investopedia.com\/thmb\/Vbrrn1N3aLJS6-Uqx8QzL597zvM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2267755525-e91094ddf2a543aca3cd7a5ae2b3a994.jpg) ![Visitors visit the ASML booth at SEMICON China 2026](https:\/\/www.investopedia.com\/thmb\/Vbrrn1N3aLJS6-Uqx8QzL597zvM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2267755525-e91094ddf2a543aca3cd7a5ae2b3a994.jpg) Here's How Much Chip Equipment Maker ASML's Stock Is Expected to Move After Earnings](https:\/\/www.investopedia.com\/here-is-how-much-asml-stock-is-expected-to-move-after-earnings-11944652)\n\n[![A yellow Spirit Airlines plane is seen on a runway.](https:\/\/www.investopedia.com\/thmb\/-4GATmbzPfPdXmkSbdRIiSqEsHo=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2266649595-297d7e83741445e5a3298d826260ffee.jpg) ![A yellow Spirit Airlines plane is seen on a runway.](https:\/\/www.investopedia.com\/thmb\/-4GATmbzPfPdXmkSbdRIiSqEsHo=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2266649595-297d7e83741445e5a3298d826260ffee.jpg) Spirit Airlines Was Set To Exit Bankruptcy This Summer. Now High Fuel Prices Could Force It To Liquidate.](https:\/\/www.investopedia.com\/spirit-airlines-was-set-to-exit-bankruptcy-this-summer-now-high-fuel-prices-could-force-it-to-liquidate-11951136)\n\n[![The Tesla Inc. Gigafactory plant during a media tour in Shanghai, China](https:\/\/www.investopedia.com\/thmb\/VaprHaT-l5gc2eO9yGcnJI7Tits=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2270890717-5adcfc331af948bbb53c1980a3f3063b.jpg) ![The Tesla Inc. Gigafactory plant during a media tour in Shanghai, China](https:\/\/www.investopedia.com\/thmb\/VaprHaT-l5gc2eO9yGcnJI7Tits=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2270890717-5adcfc331af948bbb53c1980a3f3063b.jpg) Tesla's Stock Had One of Its Best Days in Months. Here's Why It Popped](https:\/\/www.investopedia.com\/tesla-s-stock-had-one-of-its-best-days-in-months-here-s-why-it-popped-tsla-11950831)\n\n[![The JPMorgan Chase & Co. logo is seen on a black sign with plants on top outside an office building.](https:\/\/www.investopedia.com\/thmb\/gj4v_n6wYaZAgn0Q9E9LA3ZxMf4=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2262167544-f4c88a3e13c44bf793c1225514e3d34b.jpg) ![The JPMorgan Chase & Co. logo is seen on a black sign with plants on top outside an office building.](https:\/\/www.investopedia.com\/thmb\/gj4v_n6wYaZAgn0Q9E9LA3ZxMf4=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2262167544-f4c88a3e13c44bf793c1225514e3d34b.jpg) Here's How Much JPMorgan Chase Stock Is Expected to Move After Earnings](https:\/\/www.investopedia.com\/here-is-how-much-jpmorgan-chase-stock-is-expected-to-move-after-earnings-jpm-11946819)\n\n[![An illustration of a bitcoin logo seen on a mobile device in front of some market data. ](https:\/\/www.investopedia.com\/thmb\/STJNLsI4vBly9CgEPH5G_ntDi4Q=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2265501415-087fc2f99de14713b2f11ed89ba87f9f.jpg) ![An illustration of a bitcoin logo seen on a mobile device in front of some market data. ](https:\/\/www.investopedia.com\/thmb\/STJNLsI4vBly9CgEPH5G_ntDi4Q=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2265501415-087fc2f99de14713b2f11ed89ba87f9f.jpg) After a Tough Quarter for Crypto and Bitcoin, Is a Market 'Bottom' Finally in Sight?](https:\/\/www.investopedia.com\/after-a-tough-quarter-for-crypto-and-bitcoin-is-a-market-bottom-finally-in-sight-btc-update-11936145)\n\n[![The Netflix logo is seen in front of an office building.](https:\/\/www.investopedia.com\/thmb\/0-WvT0TCJ2lKfUFWrbfiKbs5IZM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2249482911-de2c9ecfea8b4b0894e68a44d3ff838b.jpg) ![The Netflix logo is seen in front of an office building.](https:\/\/www.investopedia.com\/thmb\/0-WvT0TCJ2lKfUFWrbfiKbs5IZM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-2249482911-de2c9ecfea8b4b0894e68a44d3ff838b.jpg) Netflix Reports Earnings Thursday. Here's How Much Its Stock Is Expected to Move](https:\/\/www.investopedia.com\/netflix-reports-earnings-thursday-here-is-how-much-its-stock-is-expected-to-move-nflx-q1-fy2026-11948687)\n\n[![A golden bitcoin cryptocurrency coin on a light blue background symbolizing digital currency](https:\/\/www.investopedia.com\/thmb\/okkL4Ftgcnum1GhHZhRDb6mgUsM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1336750482-41c782850ec04ccaaa4d32df6792df22.jpg) ![A golden bitcoin cryptocurrency coin on a light blue background symbolizing digital currency](https:\/\/www.investopedia.com\/thmb\/okkL4Ftgcnum1GhHZhRDb6mgUsM=\/282x188\/filters:no_upscale\$\$:max_bytes\$150000\$:strip_icc\$\$\/GettyImages-1336750482-41c782850ec04ccaaa4d32df6792df22.jpg) Has Satoshi Nakamoto Finally Been Unmasked? Believe It or Not, Bitcoin is Rising](https:\/\/www.investopedia.com\/has-satoshi-nakamoto-finally-been-unmasked-believe-it-or-not-bitcoin-is-rising-btc-crypto-11945335)\n\n[Investopedia](https:\/\/www.investopedia.com\/)\n\n[Newsletter Sign Up](https:\/\/www.investopedia.com\/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384)\n\nFollow Us\n\n- [News](https:\/\/www.investopedia.com\/news-4427706)\n- [Investing](https:\/\/www.investopedia.com\/investing-4427685)\n- [Simulator](https:\/\/www.investopedia.com\/simulator\/?inv_to_sim=global_nav)\n- [Banking](https:\/\/www.investopedia.com\/banking-4427754)\n- [Personal Finance](https:\/\/www.investopedia.com\/personal-finance-4427760)\n- [Economy](https:\/\/www.investopedia.com\/economy-4689801)\n- [Reviews](https:\/\/www.investopedia.com\/financial-product-reviews-7110783)\n- [Dictionary](https:\/\/www.investopedia.com\/financial-term-dictionary-4769738)\n\n- [About Us](https:\/\/www.investopedia.com\/about-us-5093223)\n- [Editorial Process](https:\/\/www.investopedia.com\/legal-4768893#toc-editorial-policy)\n- [Careers](https:\/\/www.people.inc\/careers)\n- [Contact Us](https:\/\/support.investopedia.com\/contactus)\n- [Privacy Policy](https:\/\/www.people.inc\/brands-privacy)\n- [Terms of Service](https:\/\/www.people.inc\/brands-termsofservice)\n- [Advertise](https:\/\/www.people.inc\/advertising)\n\n- [\\#](https:\/\/www.investopedia.com\/terms-beginning-with-num-4769350)\n- [A](https:\/\/www.investopedia.com\/terms-beginning-with-a-4769351)\n- [B](https:\/\/www.investopedia.com\/terms-beginning-with-b-4769352)\n- [C](https:\/\/www.investopedia.com\/terms-beginning-with-c-4769353)\n- [D](https:\/\/www.investopedia.com\/terms-beginning-with-d-4769354)\n- [E](https:\/\/www.investopedia.com\/terms-beginning-with-e-4769355)\n- [F](https:\/\/www.investopedia.com\/terms-beginning-with-f-4769356)\n- [G](https:\/\/www.investopedia.com\/terms-beginning-with-g-4769357)\n- [H](https:\/\/www.investopedia.com\/terms-beginning-with-h-4769358)\n- [I](https:\/\/www.investopedia.com\/terms-beginning-with-i-4769359)\n- [J](https:\/\/www.investopedia.com\/terms-beginning-with-j-4769360)\n- [K](https:\/\/www.investopedia.com\/terms-beginning-with-k-4769361)\n- [L](https:\/\/www.investopedia.com\/terms-beginning-with-l-4769362)\n- [M](https:\/\/www.investopedia.com\/terms-beginning-with-m-4769363)\n- [N](https:\/\/www.investopedia.com\/terms-beginning-with-n-4769364)\n- [O](https:\/\/www.investopedia.com\/terms-beginning-with-o-4769365)\n- [P](https:\/\/www.investopedia.com\/terms-beginning-with-p-4769366)\n- [Q](https:\/\/www.investopedia.com\/terms-beginning-with-q-4769367)\n- [R](https:\/\/www.investopedia.com\/terms-beginning-with-r-4769368)\n- [S](https:\/\/www.investopedia.com\/terms-beginning-with-s-4769369)\n- [T](https:\/\/www.investopedia.com\/terms-beginning-with-t-4769370)\n- [U](https:\/\/www.investopedia.com\/terms-beginning-with-u-4769371)\n- [V](https:\/\/www.investopedia.com\/terms-beginning-with-v-4769372)\n- [W](https:\/\/www.investopedia.com\/terms-beginning-with-w-4769373)\n- [X](https:\/\/www.investopedia.com\/terms-beginning-with-x-4769374)\n- [Y](https:\/\/www.investopedia.com\/terms-beginning-with-y-4769375)\n- [Z](https:\/\/www.investopedia.com\/terms-beginning-with-z-4769376)\n\nInvestopedia is part of the [People Inc.](https:\/\/www.people.inc\/) publishing family.\n\nNewsletter Sign Up\n\nNewsletter Sign Up","attrs_readable_markdown":"Electric carmaker Tesla, Inc. ([TSLA](https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=tsla)) held almost \\$2 billion worth of [Bitcoin](https:\/\/www.investopedia.com\/terms\/b\/bitcoin.asp) ([BTCUSD](https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=btcusd)) on its balance sheet at the end of 2021, the company reported in an SEC filing on Monday, Feb. 7.1 That figure represents a healthy gain of 33% from the [\\$1.5 billion it spent](https:\/\/www.investopedia.com\/tesla-tsla-discloses-usd1-5b-investment-in-bitcoin-5105078) on buying the asset earlier that year. The [carrying value](https:\/\/www.investopedia.com\/terms\/c\/carryingvalue.asp) of Tesla's Bitcoin holdings at the end of 2021 was \\$1.26 billion, and their [market value](https:\/\/www.investopedia.com\/terms\/f\/fairmarketvalue.asp) was \\$1.99 billion.\n\n### Key Takeaways\n- Electric carmaker Tesla reported \\$1.99 billion worth of Bitcoin on its balance sheet at the end of 2021.\n- The company purchased \\$1.5 billion worth of Bitcoin at the beginning of the year and sold some of its stash for a profit in March 2021.\n- Tesla reported impairment charges due to drawdowns in crypto prices. It ended the year with an impairment charge of \\$101 million for its Bitcoin holdings.\n\nGet personalized, AI-powered answers built on 27+ years of trusted expertise.\n## Bullish on Bitcoin\nTesla is among the few publicly listed companies with Bitcoin on its balance sheet. Its CEO Elon Musk has long been bullish on Bitcoin, an asset whose price breached new price highs during the pandemic.2 The company also accepts bitcoin for purchases of certain products on its website.\n\nAs Bitcoin's price reached stratospheric heights, culminating in a high of almost \\$68,000 in April 2021, Tesla sold some of its Bitcoin stash for \\$272 million and collected a profit of \\$128 million from the transaction. A subsequent drawdown in crypto prices forced the company to record [impairment charges](https:\/\/www.investopedia.com\/investing\/impairment-charges\/)—losses in the value of its holdings—in successive quarters. It recorded impairment charges of \\$51 million and \\$23 million during the third and second quarters of 2021.34 The recent filing revealed that Tesla had total impairment charges of \\$101 million related to Bitcoin in all of 2021.\n\nThe company may have to report more losses this year. The trajectory of crypto markets has reversed in 2022. The price of Bitcoin [fell by almost 50%](https:\/\/www.investopedia.com\/why-is-bitcoin-price-dropping-5216985) from its highs last year after investors recalibrated their portfolios to shed risky assets in anticipation of a rise in interest rates.\n\nBut Tesla is not backing off from its Bitcoin bet. \"We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash,\" the company stated in its filing. It also said that it would increase or decrease its holdings of digital assets based on its view of \"market and environmental conditions.\"","meta_canonical":null,"ml_categories_json":"{\"\/Finance\":991,\"\/Finance\/Investing\":967,\"\/Finance\/Investing\/Stocks_and_Bonds\":518,\"\/Business_and_Industrial\":127,\"\/Business_and_Industrial\/Business_Finance\":100}","ml_types_json":"{\"\/Article\":999,\"\/Article\/News_Update\":998}","ml_intent_types_json":"{\"Informational\":999}","meta_language":"en","attrs_author":"Rakesh Sharma","attrs_publish_time":0,"attrs_original_publish_time":1644329754,"attrs_is_republished":0,"attrs_nr_words":"1299","attrs_boilerpipe_nr_words":"422","body_ext_links_number":20,"body_int_links_number":126,"meta_nofollow":0,"meta_noarchive":1,"props_was_rendered":1,"src_redirect":"","download_time_msec":172,"download_ttfb_msec":128,"download_size":105327}

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https://www.investopedia.com/tesla-reports-almost-usd2b-in-bitcoin-holdings-5218384

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Tesla Reports Almost $2B in Bitcoin Holdings in 2021

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Tesla reported $1.99 billion worth of Bitcoin on its balance sheet in 2021. It had crypto-related impairment charges of $101 million last year.

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Electric carmaker Tesla, Inc. ( TSLA ) held almost $2 billion worth of Bitcoin ( BTCUSD ) on its balance sheet at the end of 2021, the company reported in an SEC filing on Monday, Feb. 7. 1 That figure represents a healthy gain of 33% from the $1.5 billion it spent on buying the asset earlier that year. The carrying value of Tesla's Bitcoin holdings at the end of 2021 was $1.26 billion, and their market value was $1.99 billion. Key Takeaways Electric carmaker Tesla reported $1.99 billion worth of Bitcoin on its balance sheet at the end of 2021. The company purchased $1.5 billion worth of Bitcoin at the beginning of the year and sold some of its stash for a profit in March 2021. Tesla reported impairment charges due to drawdowns in crypto prices. It ended the year with an impairment charge of $101 million for its Bitcoin holdings. Get personalized, AI-powered answers built on 27+ years of trusted expertise. Bullish on Bitcoin Tesla is among the few publicly listed companies with Bitcoin on its balance sheet. Its CEO Elon Musk has long been bullish on Bitcoin, an asset whose price breached new price highs during the pandemic. 2 The company also accepts bitcoin for purchases of certain products on its website. As Bitcoin's price reached stratospheric heights, culminating in a high of almost $68,000 in April 2021, Tesla sold some of its Bitcoin stash for $272 million and collected a profit of $128 million from the transaction. A subsequent drawdown in crypto prices forced the company to record impairment charges —losses in the value of its holdings—in successive quarters. It recorded impairment charges of $51 million and $23 million during the third and second quarters of 2021. 3 4 The recent filing revealed that Tesla had total impairment charges of $101 million related to Bitcoin in all of 2021. The company may have to report more losses this year. The trajectory of crypto markets has reversed in 2022. The price of Bitcoin fell by almost 50% from its highs last year after investors recalibrated their portfolios to shed risky assets in anticipation of a rise in interest rates. But Tesla is not backing off from its Bitcoin bet. "We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash," the company stated in its filing. It also said that it would increase or decrease its holdings of digital assets based on its view of "market and environmental conditions."

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Rakesh is an expert in investing, business, blockchain, and cryptocurrencies. Learn about our [editorial policies](https://www.investopedia.com/legal-4768893#editorial-policy) Published February 08, 2022 08:55 AM EST Close Electric carmaker Tesla, Inc. ([TSLA](https://www.investopedia.com/markets/quote?tvwidgetsymbol=tsla)) held almost \$2 billion worth of [Bitcoin](https://www.investopedia.com/terms/b/bitcoin.asp) ([BTCUSD](https://www.investopedia.com/markets/quote?tvwidgetsymbol=btcusd)) on its balance sheet at the end of 2021, the company reported in an SEC filing on Monday, Feb. 7.1 That figure represents a healthy gain of 33% from the [\$1.5 billion it spent](https://www.investopedia.com/tesla-tsla-discloses-usd1-5b-investment-in-bitcoin-5105078) on buying the asset earlier that year. The [carrying value](https://www.investopedia.com/terms/c/carryingvalue.asp) of Tesla's Bitcoin holdings at the end of 2021 was \$1.26 billion, and their [market value](https://www.investopedia.com/terms/f/fairmarketvalue.asp) was \$1.99 billion. ### Key Takeaways - Electric carmaker Tesla reported \$1.99 billion worth of Bitcoin on its balance sheet at the end of 2021. - The company purchased \$1.5 billion worth of Bitcoin at the beginning of the year and sold some of its stash for a profit in March 2021. - Tesla reported impairment charges due to drawdowns in crypto prices. It ended the year with an impairment charge of \$101 million for its Bitcoin holdings. Get personalized, AI-powered answers built on 27+ years of trusted expertise. ASK ## Bullish on Bitcoin Tesla is among the few publicly listed companies with Bitcoin on its balance sheet. Its CEO Elon Musk has long been bullish on Bitcoin, an asset whose price breached new price highs during the pandemic.2 The company also accepts bitcoin for purchases of certain products on its website. As Bitcoin's price reached stratospheric heights, culminating in a high of almost \$68,000 in April 2021, Tesla sold some of its Bitcoin stash for \$272 million and collected a profit of \$128 million from the transaction. A subsequent drawdown in crypto prices forced the company to record [impairment charges](https://www.investopedia.com/investing/impairment-charges/)—losses in the value of its holdings—in successive quarters. It recorded impairment charges of \$51 million and \$23 million during the third and second quarters of 2021.34 The recent filing revealed that Tesla had total impairment charges of \$101 million related to Bitcoin in all of 2021. The company may have to report more losses this year. The trajectory of crypto markets has reversed in 2022. The price of Bitcoin [fell by almost 50%](https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985) from its highs last year after investors recalibrated their portfolios to shed risky assets in anticipation of a rise in interest rates. Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. But Tesla is not backing off from its Bitcoin bet. "We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash," the company stated in its filing. It also said that it would increase or decrease its holdings of digital assets based on its view of "market and environmental conditions." Do you have a news tip for Investopedia reporters? Please email us at [tips@investopedia.com](mailto:tips@investopedia.com) Get personalized, AI-powered answers built on 27+ years of trusted expertise. ASK Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our [editorial policy.](https://www.investopedia.com/legal-4768893#EditorialPolicy) 1. SEC. "[Tesla Filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/000095017022000796/tsla-20211231.htm)." 2. Coindesk. "[The Elon Effect: How Musk's Tweets Move Crypto Markets](https://www.coindesk.com/layer2/culture-week/2021/12/14/the-elon-effect-how-musks-tweets-move-crypto-markets/)." 3. CNBC. "[Tesla Records \$23 Million in Bitcoin-Related Impairment Charges](https://www.cnbc.com/2021/07/26/tesla-records-23-million-in-bitcoin-related-impairments-in-q2.html)." 4. Coindesk. "[Tesla Takes Impairment Charge on Bitcoin Holdings](https://www.coindesk.com/business/2021/10/20/tesla-takes-51m-impairment-charge-for-bitcoin-in-third-quarter/)." Compare Accounts Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. 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The Deal Is a Win for the US Chipmaker](https://www.investopedia.com/intel-is-joining-elon-musk-terafab-project-here-is-why-its-a-win-for-the-chipmaker-11944936) [![The Intel logo is seen on a blue sign in front of the company's headquarters, with the word "experience" on the wall.](https://www.investopedia.com/thmb/obaGK2cJ3iDw6-9FfdsC4BzlN-o=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2257634598-8a40aaf09eca4249a070aa904544c323.jpg) ![The Intel logo is seen on a blue sign in front of the company's headquarters, with the word "experience" on the wall.](https://www.investopedia.com/thmb/obaGK2cJ3iDw6-9FfdsC4BzlN-o=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2257634598-8a40aaf09eca4249a070aa904544c323.jpg) Intel Racks Up Another Win With Google AI Chip Deal](https://www.investopedia.com/intel-racks-up-another-win-with-google-ai-chip-deal-intc-googl-11946285) [![A SpaceX Falcon 9 rocket lifts off from launchpad 40 at the Cape Canaveral Space Force Station, carrying Northrop Grumman's Cygnus XL cargo spacecraft towards the International Space Station.](https://www.investopedia.com/thmb/ExyYLtXPHNo1JekYsBpe_vGX-h4=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2235059944-15f59dc4f25b4a6ea441e7f8e2a4702d.jpg) ![A SpaceX Falcon 9 rocket lifts off from launchpad 40 at the Cape Canaveral Space Force Station, carrying Northrop Grumman's Cygnus XL cargo spacecraft towards the International Space Station.](https://www.investopedia.com/thmb/ExyYLtXPHNo1JekYsBpe_vGX-h4=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2235059944-15f59dc4f25b4a6ea441e7f8e2a4702d.jpg) The Countdown Starts On Musk's Mega IPO. SpaceX Files Confidentially to Go Public, Reports Say.](https://www.investopedia.com/the-countdown-starts-on-musk-mega-ipo-spacex-files-confidentially-to-go-public-reports-say-11940586) [![Visitors visit the ASML booth at SEMICON China 2026](https://www.investopedia.com/thmb/Vbrrn1N3aLJS6-Uqx8QzL597zvM=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2267755525-e91094ddf2a543aca3cd7a5ae2b3a994.jpg) ![Visitors visit the ASML booth at SEMICON China 2026](https://www.investopedia.com/thmb/Vbrrn1N3aLJS6-Uqx8QzL597zvM=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2267755525-e91094ddf2a543aca3cd7a5ae2b3a994.jpg) Here's How Much Chip Equipment Maker ASML's Stock Is Expected to Move After Earnings](https://www.investopedia.com/here-is-how-much-asml-stock-is-expected-to-move-after-earnings-11944652) [![A yellow Spirit Airlines plane is seen on a runway.](https://www.investopedia.com/thmb/-4GATmbzPfPdXmkSbdRIiSqEsHo=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2266649595-297d7e83741445e5a3298d826260ffee.jpg) ![A yellow Spirit Airlines plane is seen on a runway.](https://www.investopedia.com/thmb/-4GATmbzPfPdXmkSbdRIiSqEsHo=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2266649595-297d7e83741445e5a3298d826260ffee.jpg) Spirit Airlines Was Set To Exit Bankruptcy This Summer. Now High Fuel Prices Could Force It To Liquidate.](https://www.investopedia.com/spirit-airlines-was-set-to-exit-bankruptcy-this-summer-now-high-fuel-prices-could-force-it-to-liquidate-11951136) [![The Tesla Inc. Gigafactory plant during a media tour in Shanghai, China](https://www.investopedia.com/thmb/VaprHaT-l5gc2eO9yGcnJI7Tits=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2270890717-5adcfc331af948bbb53c1980a3f3063b.jpg) ![The Tesla Inc. Gigafactory plant during a media tour in Shanghai, China](https://www.investopedia.com/thmb/VaprHaT-l5gc2eO9yGcnJI7Tits=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2270890717-5adcfc331af948bbb53c1980a3f3063b.jpg) Tesla's Stock Had One of Its Best Days in Months. Here's Why It Popped](https://www.investopedia.com/tesla-s-stock-had-one-of-its-best-days-in-months-here-s-why-it-popped-tsla-11950831) [![The JPMorgan Chase & Co. logo is seen on a black sign with plants on top outside an office building.](https://www.investopedia.com/thmb/gj4v_n6wYaZAgn0Q9E9LA3ZxMf4=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2262167544-f4c88a3e13c44bf793c1225514e3d34b.jpg) ![The JPMorgan Chase & Co. logo is seen on a black sign with plants on top outside an office building.](https://www.investopedia.com/thmb/gj4v_n6wYaZAgn0Q9E9LA3ZxMf4=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2262167544-f4c88a3e13c44bf793c1225514e3d34b.jpg) Here's How Much JPMorgan Chase Stock Is Expected to Move After Earnings](https://www.investopedia.com/here-is-how-much-jpmorgan-chase-stock-is-expected-to-move-after-earnings-jpm-11946819) [![An illustration of a bitcoin logo seen on a mobile device in front of some market data. ](https://www.investopedia.com/thmb/STJNLsI4vBly9CgEPH5G_ntDi4Q=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2265501415-087fc2f99de14713b2f11ed89ba87f9f.jpg) ![An illustration of a bitcoin logo seen on a mobile device in front of some market data. ](https://www.investopedia.com/thmb/STJNLsI4vBly9CgEPH5G_ntDi4Q=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2265501415-087fc2f99de14713b2f11ed89ba87f9f.jpg) After a Tough Quarter for Crypto and Bitcoin, Is a Market 'Bottom' Finally in Sight?](https://www.investopedia.com/after-a-tough-quarter-for-crypto-and-bitcoin-is-a-market-bottom-finally-in-sight-btc-update-11936145) [![The Netflix logo is seen in front of an office building.](https://www.investopedia.com/thmb/0-WvT0TCJ2lKfUFWrbfiKbs5IZM=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2249482911-de2c9ecfea8b4b0894e68a44d3ff838b.jpg) ![The Netflix logo is seen in front of an office building.](https://www.investopedia.com/thmb/0-WvT0TCJ2lKfUFWrbfiKbs5IZM=/282x188/filters:no_upscale:max_bytes$150000$:strip_icc/GettyImages-2249482911-de2c9ecfea8b4b0894e68a44d3ff838b.jpg) Netflix Reports Earnings Thursday. 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Electric carmaker Tesla, Inc. ([TSLA](https://www.investopedia.com/markets/quote?tvwidgetsymbol=tsla)) held almost \$2 billion worth of [Bitcoin](https://www.investopedia.com/terms/b/bitcoin.asp) ([BTCUSD](https://www.investopedia.com/markets/quote?tvwidgetsymbol=btcusd)) on its balance sheet at the end of 2021, the company reported in an SEC filing on Monday, Feb. 7.1 That figure represents a healthy gain of 33% from the [\$1.5 billion it spent](https://www.investopedia.com/tesla-tsla-discloses-usd1-5b-investment-in-bitcoin-5105078) on buying the asset earlier that year. The [carrying value](https://www.investopedia.com/terms/c/carryingvalue.asp) of Tesla's Bitcoin holdings at the end of 2021 was \$1.26 billion, and their [market value](https://www.investopedia.com/terms/f/fairmarketvalue.asp) was \$1.99 billion. ### Key Takeaways - Electric carmaker Tesla reported \$1.99 billion worth of Bitcoin on its balance sheet at the end of 2021. - The company purchased \$1.5 billion worth of Bitcoin at the beginning of the year and sold some of its stash for a profit in March 2021. - Tesla reported impairment charges due to drawdowns in crypto prices. It ended the year with an impairment charge of \$101 million for its Bitcoin holdings. Get personalized, AI-powered answers built on 27+ years of trusted expertise. ## Bullish on Bitcoin Tesla is among the few publicly listed companies with Bitcoin on its balance sheet. Its CEO Elon Musk has long been bullish on Bitcoin, an asset whose price breached new price highs during the pandemic.2 The company also accepts bitcoin for purchases of certain products on its website. As Bitcoin's price reached stratospheric heights, culminating in a high of almost \$68,000 in April 2021, Tesla sold some of its Bitcoin stash for \$272 million and collected a profit of \$128 million from the transaction. A subsequent drawdown in crypto prices forced the company to record [impairment charges](https://www.investopedia.com/investing/impairment-charges/)—losses in the value of its holdings—in successive quarters. It recorded impairment charges of \$51 million and \$23 million during the third and second quarters of 2021.34 The recent filing revealed that Tesla had total impairment charges of \$101 million related to Bitcoin in all of 2021. The company may have to report more losses this year. The trajectory of crypto markets has reversed in 2022. The price of Bitcoin [fell by almost 50%](https://www.investopedia.com/why-is-bitcoin-price-dropping-5216985) from its highs last year after investors recalibrated their portfolios to shed risky assets in anticipation of a rise in interest rates. But Tesla is not backing off from its Bitcoin bet. "We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash," the company stated in its filing. It also said that it would increase or decrease its holdings of digital assets based on its view of "market and environmental conditions."

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Rakesh Sharma

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2022-02-08 14:15:54 (4 years ago)

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