1 month ago | By Business Insider
Tesla CEO Elon Musk. NTB/Carina Johansen via REUTERS
The value of Tesla's bitcoin holdings fell nearly $1.8 billion last year, a company filing showed.
It took a $204 million impairment charge on bitcoin, but converted $64 million worth into dollars.
CEO Elon Musk distanced himself from crypto last year, calling it a "sideshow to the sideshow."
Tesla's bitcoin hoard plummeted by nearly $1.8 billion last year, as Elon Musk's carmaker dumped a big chunk of its holdings and cryptocurrency prices slumped. The value of its "fair market holdings" in digital assets fell from $1.99 billion at the...
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