Tesla Holds Bitcoin Steady in Q4 2023 Despite $239 Million Digital Asset Impairment Charge

Electric vehicle giant Tesla reported no buying or selling of its Bitcoin (BTC) holdings during the fourth quarter of 2023. According to its latest earnings report, the company maintained its cryptocurrency position while recording a $239 million impairment loss on its digital assets. This non-cash accounting charge reflects the decline in the market value of Bitcoin compared to when Tesla acquired it. The company's overall digital asset holdings remain a notable part of its treasury strategy. Market analysts are watching Tesla's Bitcoin reserves as a bellwether for corporate cryptocurrency adoption.