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Tesla’s Bitcoin Fell $1.8B in Value As Musk Called Crypto a ‘Sideshow’

Tesla’s bitcoin holdings fell nearly $1.8 billion in value last year, as Elon Musk called crypto a ‘sideshow’

The value of Tesla’s bitcoin holdings fell nearly $1.8 billion last year, a company filing showed. It took a $204 million impairment charge on bitcoin, but converted $64 million worth into dollars. CEO Elon Musk distanced himself from crypto last year, calling it a “sideshow to the sideshow.”








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