BREAKING: Elon Musk's Tesla Sold 75% of Its Bitcoin

BREAKING: Elon Musk's Tesla Sold 75% of Its Bitcoin

A Q2, 2022 update by Telsa shows the company sold 75% of its bitcoin holdings, adding $936 million in cash to its balance sheet.Today, it was announced in a Q2 update by Tesla that the electric car manufacturer had sold 75% of its bitcoin holdings. "As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency," the update stated. "Conversions in Q2 added $936M of cash to our balance sheet." Tesla held around a total of 42,000 BTC at the start of Q2, and sold the majority of the bitcoin at an average price of ~$29,000.On February 8, 2021....


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