How much investment did TELSA in bitcoin in 2021
TESLA held nearly $2 billion worth of bitcoin at the end of 2021
TESLA said Monday it was holding nearly $2 billion in bitcoin at the end of last year.
The company purchased a total of $1.5 billion in bitcoin in 2021.
The cryptocurrency finished the year up nearly 60%, trading above $46,000 on Dec. 31.
It had slipped as low as $30,000 in July amid concerns over a regulatory crackdown in China,
Then rallied to an all-time high above $68,000 by early November.
Bitcoin was trading just below $43,000 on Monday morning.
TESLA recorded $101 million worth of impairment losses in 2021
TESLA added that it realized gains of $128 million after selling a portion of its holdings last March.
Overall, TESLA gained $27 million in its crypto transactions during the year.