Breaking: Tesla sold 75% of Bitcoin holdings in Q2
Elon Musk's electric vehicle maker has offloaded most of its BTC reserves, according to financial statements released on Wednesday. Electric vehicle maker Tesla sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday."As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency," Tesla said in its quarterly report. "Conversions in Q2 added $936M of cash to our balance sheet."According to the financial statements, Tesla's net Bitcoin holdings were relatively stable for three....
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A Q2, 2022 update by Telsa shows the company sold 75% of its bitcoin holdings, adding $936 million in cash to its balance sheet.
Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency sales left the electric car company holding digital assets worth $218 million. “We are certainly open to increasing our bitcoin holdings in the future,” Tesla CEO Elon Musk said, adding: “We have not sold any of our dogecoin.” Tesla Sold About 75% of Its Bitcoin Holdings Elon Musk’s electric car company, Tesla, released its Q2 earnings report Wednesday. The company wrote: As of the end of Q2, we have converted approximately 75% of our bitcoin purchases into fiat....
Tesla CEO Elon Musk has confirmed that he owns bitcoin and has not sold any of his holdings. His company Tesla, however, has sold some of its bitcoins, which Musk says it’s “essentially to prove liquidity of bitcoin.” Tesla’s Master of Coin says the company believes in the value of bitcoin and will keep holding the cryptocurrency long term as well as accumulating from car sales. Tesla Sold 10% of Its Bitcoin Holdings, Made $272 Million Elon Musk’s electric car company, Tesla, announced its first-quarter earnings results on Monday. Prior to the earnings call,....
Tesla may have realized some of its Bitcoin profits, but CEO Elon Musk continues to hodl. Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys.Musk’s comments came in response to accusations from comedian Dave Portnoy that the Tesla CEO had profited from a Bitcoin pump and dump engineered through his public statements supporting the cryptocurrency.Rejecting Portnoy’s assertion, Musk stated that “Tesla sold 10% of its holdings....
Elon Musk’s electric car company, Tesla, is holding bitcoin worth $1.311 billion. The company did not buy or sell any bitcoin during the second quarter but recorded bitcoin-related impairment of $23 million. Tesla’s action reaffirms Musk’s prior statement that neither he nor Tesla had sold their coins. Tesla’s Q2 Bitcoin Holdings Elon Musk’s Tesla released its second-quarter earnings report Monday. The company’s Q2 2021 unaudited balance sheet shows a net digital asset value of $1.311 billion as of June 30. Tesla’s Q2 unaudited balance sheet....