Express
Tesla Did Not Sell Bitcoin In Q2, Withdrew $23 Million In Bitcoin-Related Impairment
Summary: According to Tesla's 2021 Q2 earnings call held on Monday, as of the end of the second quarter in 2021, the company held $1.311 billion of BTC, and the Bitcoin-related impairment loss was $23 million. In addition, the company reported a second-quarter (GAAP) net income of $1.14 billion, exceeding $1 billion for the first time, ...
According to Tesla's 2021 Q2 earnings call held on Monday, as of the end of the second quarter in 2021, the company held $1.311 billion of BTC, and the Bitcoin-related impairment loss was $23 million.
In addition, the company reported a second-quarter (GAAP) net income of $1.14 billion, exceeding $1 billion for the first time, an increase of ten times year-on-year.
Tesla first announced that it had purchased $1.5 billion worth of Bitcoin in February. Later in the first quarter, the company sold 10% of its Bitcoin position, increasing its first-quarter earnings by $272 million.
By Mary Liu
Tags: Bitcoin,Tesla
Link: Tesla Did Not Sell Bitcoin In Q2, Withdrew $23 Million In Bitcoin-Related Impairment [Copy]
