Tesla Lost $140M on its Bitcoin Position in 2022
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According to the latest report filed by electric car maker Tesla with the SEC, the company's negative revaluation of the 9,720 Bitcoins it held last year amounted to $204 million, while gains from the conversion of part of the coins stood at $64 million, resulting in the company losing $140 million.

According to the document, the negative revaluation amounted to $34 million during the fourth quarter of 2022, during this period there were no transactions with BTC.

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The company "as a result of certain sales" of Bitcoin in 2021, earned $128 million. At the end of the year, losses from the depreciation of Bitcoin amounted to $101 million.

Tesla estimated in October the value of Bitcoins held by it at $218 million.

Three months earlier, Tesla reported that it had sold 75% of the Bitcoins held for $936 million.

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