Tesla estimated the cost of bitcoins on a balance of $ 218 million

The manufacturer of Tesla electric cars, as part of the reporting for the third quarter, said that he continues to hold the first cryptocurrency worth $ 218 million on the balance sheet.

During July-September, the company’s position in digital assets remained unchanged. As part of the conference with analysts, questions related to this topic were not raised.

Three months ago, Tesla revealed information on the sale of 75% of Bitcoin owned by $ 936 million. The top management explained this step “by the need to https://gagarin.news/ua/news/the-worlds-first-nft-museum-dedicated-to-the-war-in-ukraine-has-raised-over-600-000-to-help-ukrainians/ increase liquidity during the period of anti-icing restrictions in China”.

Ilon Mask’s desire to return to the Twitter absorption deal, which will require $ 44 billion, did not lead to the elimination of cryptocurrency positions.

According to Bitcoin Treasuries, the average cost of the first cryptocurrency purchased by Tesla before its partial implementation could be $ 34,722.

At the time of writing, the resource evaluates the 9720 BTC electric cars in $ 185.93 million, which is lower than the cost of their acquisition of $ 337.5 million.

Recall that the company acquired digital gold in February 2021. Ilon Musk himself called these investments “quite risky”.

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