Tesla Earns $64M from Bitcoin Sales
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According to the report filed by electric vehicle manufacturer Tesla with the SEC, gains from the sale of digital assets in the period from the beginning of the year to June 30 amounted to $64 million.

However, it should be noted the company has not disclosed the sale price in the second quarter.

According to the report, the negative revaluation of the remaining Bitcoins on the balance sheet is $170 million.

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According to Tesla, the current value of the digital assets it owns amounts to $218 million. As of December 31, 2021, this value was $1.26 billion.

Along with the publication of the second quarter financial statements, Tesla has disclosed information about the sale of 75% of its Bitcoins. The company acquired the crypto in February last year.

According to the document filed with the SEC, Tesla earned $936 million from this sale. Senior management explained this step by "the need to increase liquidity during the period of anti-covid restrictions in China".

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