Tesla, the leading manufacturer of electric cars, continues to hold $184 million in digital assets on its balance sheet, according to its first quarter results.
Even though the price of Bitcoin has increased by more than 72% since the start of the year, the value of the company's holdings remains unchanged because unrealized gains do not have to be recorded.
Tesla initially acquired $1.5 billion worth of Bitcoin in February 2021, pushing the price of the flagship cryptocurrency to new highs. THE
In April 2021, Tesla reduced its position by 10% to obtain proceeds worth $272 million.
In July, the first manufacturer of electric cars sold the vast majority of its holdings in Bitcoin.