Tesla if one of those , companies —the kind of company that would have kombucha on tap . As such, it’s deeply interested in cryptocurrency as the future — and deeply invested to match. So invested, in fact, that the company was able to lose $140 million on Bitcoin alone in 2022.

In 2021, Tesla invested $1.5 billion in Bitcoin and actually scored some modest returns on that money in 2022. from the company revealed gains of $64 million from its various Bitcoin trades last year, which comes out to a whopping 4.3% return. Of course, those gains are overshadowed by the company’s losses: $204 million.

Those gains and losses total out to a net negative of $140 million, nearly 10 percent of the company’s initial investment. Incredibly, that number actually outperforms the traditional stock market — $SPY, an ETF tied to the S&P 500, during that same period. Of course, considering the , it’s tough to say those mitigated losses are worth it.

Oddly, Tesla’s SEC filing makes no mention of any other cryptocurrency holdings. CEO Elon Musk confirmed that , but only the Bitcoin holdings appear in the legal paperwork. Considering Dogecoin is the , one would think it’d be important enough to mention to regulators. But, perhaps there’s more to come on that front — you never know when .