(CercleFinance.com) – Tesla has so far made a gain of nearly half a billion dollars on its roughly $1.5 billion investment in bitcoin, announced early last year.
As of December 31, 2021, the fair market value of his cryptocurrency investment was $1.99 billion, which corresponds to a 33% return on investment in less than a year.
In its 2021 annual report sent today to market authorities, Tesla said it still believed in the “long-term potential of digital assets, both as an investment and as an alternative to cash”.
The price of bitcoin was up more than 4% to $43,202.8 on Monday after its record high of $68,789.6 set last fall.
Tesla’s annual report also reveals that the SEC, the American stock market policeman, summoned the group to appear last November in order to obtain information on the terms of its governance.
Tesla shares were up slightly (+0.5%) on Monday morning on the New York Stock Exchange.
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