Electric car maker Tesla sold part of the assets in the first cryptocurrency for $ 272 million, follows from the quarterly report for the first three months of 2021. The company estimated the profit from the sale of digital gold at $ 101 million, writes forklog.
The sale of BTC, along with sales of statutory loans, helped set a new record for one-quarter net income of $ 438 million.
The company’s chief financial officer Zach Kirkhorn said that Tesla is pleased with the liquidity of the first cryptocurrency market and will continue to accumulate digital assets from the sale of electric cars for Bitcoin.
It became possible to buy the company’s products for bitcoins on March 24. However, this option is currently only available in the United States.
As a reminder, Tesla revealed its $ 1.5 billion position in bitcoin in early February, which boosted the asset’s growth by about $ 20K to a new record of $ 58K.
Musk previously called Tesla’s investment in digital gold “risky enough” and hinted that it was not his decision. According to analysts, Tesla’s unrealized profits from investments in cryptocurrency were higher than from sales of electric vehicles in 2020.
Meanwhile, Alistair Milne, an investor and partner at Morgan Creek Digital, claims that Facebook may announce its investment in bitcoin as early as April 28 (around 23 GMT) after the publication of its quarterly financial report.
- What is cryptocurrency? Everything a beginner needs to know about coins in one book. Read for free
Market forecasts, analytics and stock news