According to Tesla’s most recent balance sheet, the corporation owns $1.3 billion in cryptocurrency.
Despite Tesla’s decision to stop accepting Bitcoin payments due to the increased use of fossil fuels in their mining operations, cryptocurrencies remain a component of its assets.
This is supported by the company’s most recent report for the second quarter of 2021, including a balance sheet detailing the worth of digital assets.
Tesla had $1.3 billion in digital assets as of June 30, 2021, indicating that the original investment earlier this year was the only one made under this investment strategy.
However, the positive aspect of this circumstance is that Tesla did not sell any cryptocurrencies, including Bitcoin, indicating that it is a true Hodler who keeps its word.
When we consider what percentage of Tesla’s assets are held in cryptocurrencies, we can see that it is only a fraction or 2.3 percent of total assets. When comparing cash to digital assets, though, it already appears better. Tesla has $16.2 billion in cash and cash equivalents, which means cryptocurrency assets represent 8% of the company’s reported cash.