On June 15th, as the price of bitcoin continued to fall, electric car manufacturer Tesla has lost about $530 million in investing in bitcoin. In early 2021, Tesla spent $1.5 billion to buy a lot of Bitcoin. Tesla’s investment in Bitcoin has also taken a heavy toll as Bitcoin’s price has fallen, currently at its lowest level since December 2020. Bitcoin’s current price is $22,499.99, compared to $69,044.77 last November. In the space of 8 months, Bitcoin has fallen 67.5%. According to relevant data, Tesla currently holds 43,200 bitcoins, worth $968 million, and has lost about $530 million in bitcoin investments. When Tesla reports its second-quarter earnings in July, it should report losses related to its bitcoin investments. Tesla claims that the purpose of its investment in Bitcoin is to diversify sources of liquidity and make asset allocation more flexible. The investment paid off in Tesla’s first few months of buying Bitcoin, especially when Bitcoin hit an all-time high of $69,044.77 on November 10 last year, Tesla made a lot of money Full. But now it has turned to losses. .
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