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Tesla says bitcoin investment worth $2.48 billion

The world’s most valuable automaker, which said it had bought or received $1.5 billion in bitcoin by the end of the first quarter, reiterated in its regular report it had trimmed its position by 10% during the quarter.

Tesla (NASDAQ:TSLA) said proceeds from sales of digital assets amounted to $272 million with a $101 million “positive impact”.

The company added that it recorded $27 million of impairment losses on its bitcoin investment in the three months ended March.(https://


Source: Economy - investing.com

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