Tesla held on to its Bitcoins in the fourth quarter

The latest earnings report of Tesla reveals that the electric car maker did not buy or sell any bitcoin in the fourth quarter.

At the end of the fourth quarter, the value of Tesla’s digital assets was $184 million, down from $218 million at the end of the third quarter.

At the end of the third quarter, the price of bitcoin was slightly under $20,000, while at the end of the fourth quarter, it was around $16,500.

Tesla, in the second quarter, had surprisingly sold $936 million worth of bitcoin, or approximately 75% of its total holdings, to raise cash due to uncertainty over COVID-19 lockdowns in China.

Overall for the fourth quarter, Tesla reported adjusted earnings per share of $1.19, beating estimates of $1.13 a share.

Tesla reported revenue of $24.3 billion, below analyst estimates of $24.7 billion.

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