Tesla is holding close to $2 billion worth of Bitcoin

Tesla Inc has announced that the market value of its bitcoin holdings as of Dec. 31 was $1.99 billion.

Tesla bore about $101 million in loses last year due to Bitcoin’s flunctuating value, according to its annual filing with the U.S. Securities and Exchange Commission.

Last year, Tesla had invested $1.50 billion in bitcoin.

A drop in the value of bitcoin resulted in the company recording losses, as the value of its holdings fell.

The company said it gained $128 million on sales of bitcoin after selling a portion of its holdings in March.

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