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Tesla Holds Bitcoin, Records $173 Million Loss
CoinDesk·
Tesla has maintained its Bitcoin holdings, with its stash of 11,509 BTC valued at approximately $880 million, given Bitcoin's current price around $78,000. Despite the stable quantity, the company reported a significant digital asset loss of $173 million. This indicates a substantial unrealized loss on its Bitcoin investment, reflecting the cryptocurrency's market volatility. The company's financial statements will continue to be closely watched for further impacts from its digital asset holdings.
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crypto
fintech
earnings
Original Source
CoinDesk — coindesk.com