{"id":73099,"date":"2023-01-26T12:43:12","date_gmt":"2023-01-26T10:43:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73099"},"modified":"2025-09-09T12:12:42","modified_gmt":"2025-09-09T09:12:42","slug":"teslas-bitcoin-holdings-unchanged-in-q4-2022","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/teslas-bitcoin-holdings-unchanged-in-q4-2022\/","title":{"rendered":"Tesla&#8217;s bitcoin holdings unchanged in Q4 2022"},"content":{"rendered":"<p>For the fourth quarter of 2022, the impairment on 9,720 BTC held on Tesla&#8217;s balance sheet totaled $34 million. No bitcoin transactions were conducted during the latest reporting period.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tesla released its Q4 2022 financial report. It did not conduct any bitcoin transactions on Q4, and the impairment was about $34 million. Tesla currently holds about 9,720 bitcoins, and the average purchase cost per bitcoin is about 32,099 US dollars. <a href=\"https:\/\/t.co\/RKOwMi5eiq\">https:\/\/t.co\/RKOwMi5eiq<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1618440564827131905?ref_src=twsrc%5Etfw\">January 26, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A 15% drop in bitcoin prices during October\u2013December did not prompt selling of the cryptocurrency, which the electric-vehicle maker had purchased at an average price of $32,099. The management did not react to the worsening market backdrop amid<a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\"> the FTX collapse <\/a>.<\/p>\n<p>This contrasts with results for the second quarter. The company said at that time it converted roughly<a href=\"https:\/\/u1f987.com\/en\/news\/tesla-sold-75-of-its-bitcoin-holdings\"> 75% of its own bitcoins into cash<\/a>, which brought in $936 million.<\/p>\n<p>By the end of 2022, the company valued the digital gold on its balance sheet at $184 million, versus $218 million in the prior quarter.<\/p>\n<p>During the management&#8217;s press conference with analysts, the topic of bitcoin<a href=\"https:\/\/www.youtube.com\/watch?v=_Pxfo4rT3f8\"> \u043d\u0435 \u043f\u043e\u0434\u043d\u0438\u043c\u0430\u043b\u0430\u0441\u044c<\/a>.<\/p>\n<p>The company reported quarterly profit of $5.7 billion on revenue of $24.3 billion. For the full year, the figures were $20.8 million and $81.4 billion, respectively.<\/p>\n<p>The market reacted positively to the publication of Tesla&#8217;s earnings report. After trading, the shares rose 7.8%. Over the past year, the automaker&#8217;s market capitalization has collapsed by 53.4%.<\/p>\n<p>Earlier, in February 2021, it emerged that Tesla <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">invested in bitcoin $1.5 bn<\/a>. Elon Musk described these investments as <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-calls-teslas-bitcoin-investment-quite-risky\">&#8216;quite risky&#8217;<\/a>.<\/p>\n<p>Two months later, Tesla sold part of its bitcoin assets for $272 million.<\/p>\n<p> Read ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 news about cryptocurrencies, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the fourth quarter of 2022, the impairment on 9,720 BTC held on Tesla&#8217;s balance sheet totaled $34 million. No bitcoin transactions were conducted during the latest reporting period.<\/p>\n","protected":false},"author":1,"featured_media":73100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1319],"class_list":["post-73099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73099"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73099\/revisions"}],"predecessor-version":[{"id":73101,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73099\/revisions\/73101"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73100"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}