Tesla still has $222 million in digital assets

Days after disclosing the sale of 75% of its bitcoin holdings, Tesla still has $222 million on its balance sheet, according to a recent Securities and Exchange Commission filing.

The maker of electric vehicles also revealed a $64 million profit from turning bitcoin into cash, as well as a $170 million impairment charge on its cryptocurrency holdings for the six months that ended on June 30.

The fire sale of Tesla's cryptocurrency holdings and the company's lack of transparency regarding the bitcoin liquidation have drawn criticism. Observers hoped that the company's SEC filing on Monday would provide more information on the sale, but the company is not required to do so.

On the company's earnings call last week, CEO Elon Musk informed investors that the reason for the sale of bitcoin was due to uncertainty over "when the COVID lockdowns in China would alleviate."

Tesla purchased or received digital assets valued at $1.50 billion in the six-month periods ending June 30 of this year and 2021, according to the filing on Monday.

In relation to Musk's 2018 tweet discussing the possibility of taking the company private, Tesla also disclosed receiving a second SEC subpoena. The business claimed to have obtained the subpoena on June 13.