Tesla’s bitcoin investment may have lost $125 million

As bitcoin prices have plummeted, it is estimated that the value of Tesla’s bitcoin position held is likely to have fallen below the $1.5 billion the company purchased, according to Sina Finance. Based on average prices, Tesla likely held about 42,000 bitcoins as of the end of the first quarter. Given the recent price movements, the company may have lost about $125 million.

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