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7/27, 1:07 PM (Source: TeleTrader)
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Tesla gained $128M in Bitcoin sales in H1 2021

Tesla Inc. revealed on Tuesday that it realized gains of $128 million via sales of Bitcoin in the first six months of 2021. However, impairment losses on Bitcoin for the company amounted to $23 million in the first trimester of 2021 and to $50 million in the entire first half of the year.

In a filing submitted to the United States Securities and Exchange Commission (SEC), Tesla said it "may in the future restart the practice of transacting in cryptocurrencies ('digital assets') for our products and services," following the suspension of this practice in May 2021.

"We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash," the company stressed.

Breaking the News / MS