Tesla Had $1.26 Billion Before The Crash.

At the end of December, the value of Tesla’s Bitcoin holdings stood at $1.26 billion, according to the e-car manufacturer’s Q4 earnings report.

The Elon Musk-helmed company has neither sold nor bought more Bitcoin during the previous quarter.

Tesla announced that it had bought $1.5 billion worth of Bitcoin last February. The top cryptocurrency skyrocketed roughly 50% within two weeks following the announcement to reach $58,300.

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In its Q1 earnings, Tesla announced that it had sold 10% of its position in Bitcoin to test the cryptocurrency’s liquidity.

The e-car maker reported $51 million and $23 million in Bitcoin-related impairments in the second and third quarters, respectively, due to falling prices.

The crypto market endured a big correction after Tesla halted Bitcoin payments due to the cryptocurrency’s negative environmental impact.

After recovering to record highs in November, Bitcoin is now in the middle of a multi-month sell-off.

On Wednesday, Bitcoin briefly spiked to nearly $39,000 after the Federal Reserve decided to keep interest rates steady, but Chairman Jerome Powell’s hawkish comments pushed the price down.