Tesla Reveals $170 Million Bitcoin Loss, New Subpoena Linked to Musk ‘Take Private’ Tweets

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The Street

By Martin Baccardax Tesla booked a $170 million loss from its bitcoin holdings over the first six months of the year, a pegged the value of its remaining digital assets at $222 billion. Tesla (TSLA) – Get Tesla Inc. Report said Monday that the fair value of its bitcoin holdings were pegged at around $220 billion last quarter after dumping more than 75% of its holdings amid what CEO Elon Musk described as ‘uncertainty’ linked to China’s Covid lockdowns. In a Securities and Exchange Commission filing published Monday, Tesla said the value of its digital assets — including bitcoin and dogecoin -…

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