Electric car maker Tesla’s profit from the sale of its digital assets in the period from the beginning of the year to June 30 was $64 million after reporting to the SEC.

The company did not disclose the selling price of digital gold in the second quarter.

Negative reassessment of bitcoins remaining on the balance sheet – $170 million.

The company projects the current value of digital assets at $218 million, compared to $1.26 billion as of December 31, 2021.

With the release of the financial statements for the second quarter, Tesla announced information about the sale of 75% of its bitcoins. The company purchased digital gold in February 2021.

From the SEC document, it appears that Tesla earned $936 million. Top management described this step as “the need to increase liquidity during the period of anti-covid restrictions in China.”

According to Bitcoin Treasures, the average cost of the first cryptocurrency acquired by Tesla before its partial sale could be $34,722.

In April 2021, Tesla sold $272 million in assets in the first cryptocurrency, and the company recorded a profit of $128 million from this operation.

At the end of last year, negative revaluation from digital assets totaled $101 million.

Recall that the second quarter of 2022 was the worst quarter for Bitcoin in the last 11 years.

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