How much did tesla lose on bitcoin

how much did tesla lose on bitcoin

What is the purpose of cryptocurrency mining

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How much did tesla lose on bitcoin Functions of bitcoin

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Bitcoin or Tesla Stock - which would I invest in?
Tesla recorded a $ million impairment loss in on its bitcoin holdings, according to regulatory filings. The loss was offset by $ Bitcoin ended the quarter at just under $19,, giving Tesla a loss of more than $11, for every coin it still held. Happily for the auto. The price of Bitcoin fell to $16, by the end of December from around $19, at the close of September.
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Investing Club. Musk also said that he believes Tesla will resume taking Bitcoin payment as he sees improvements in the energy mix of Bitcoin mining. The company noted concerns over the energy needs of the Bitcoin network: Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. At the time, Tesla noted that they were not selling their stake in Bitcoin and that they planned to resume taking Bitcoin payments once the network showed a higher mix of renewable energy.