According to the company’s SEC filing, it purchased an aggregate of $1.50 billion in digital assets comprised solely of bitcoin.
In February this year, the company invested in Bitcoin worth $1.50 billion and began accepting Bitcoin as a form of payment for the products in certain regions.
As of March 31, 2021, the carrying value of bitcoin held by the electric car maker was $1.33 billion, which reflects cumulative impairments of $27 million.
“Based on our trading activity to date, we believe Bitcoin is highly liquid, although we generally intend to hold our bitcoin long-term regardless of the manner of acquisition.
Fair Value Measurement is based on quoted prices on the active exchange that Tesla has determined its principal market for bitcoin.