Friday, 24 March, 2023

Tesla sold 75% of its Bitcoin holdings

<p>It appears that Elon Musk is not attempting to hoard Tesla&#39;s bitcoin during a crypto winter. &nbsp;The electric car manufacturer disclosed during its Q2 earnings report that 75% of its Bitcoin assets were liquidated this quarter. The company received $963M for the sale of the coins. According to Tesla, its remaining &quot;digital assets&quot; are worth $218M. The company&#39;s selloff follows a sharp drop in the cost of all cryptocurrencies, including both Bitcoin and Dogecoin, in general.</p>