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Bitcoin crash costs El Salvador $40 million, Tesla faces millions in losses from bitcoinTwo of the largest bag holders of Bitcoin, namely Tesla and Microstrategy, are facing losses of approximately $ billion on their large Bitcoin purchases. Tesla said that in the fiscal year ending December 31, , it incurred a $ million impairment loss in due to changes in the book value of Bitcoin. Bitcoin ended the quarter at just under $19,, giving Tesla a loss of more than $11, for every coin it still held. Happily for the auto maker, it had.
