Tesla has dumped 75% of its bitcoin holdings a year after touting ‘long-term potential’

Summary by Ground News

Tesla sold 75 percent of its bitcoin holding, approximately 28,000 tokens, during the quarter. The crypto transaction added $963 million in cash to Tesla's balance sheet. The cash proceeds suggest Tesla sold its bitcoin at a small loss, but it saved itself from a bigger hit.

5 months ago·Austin, United States

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Times of India

Bitcoin recovers after falling on news Tesla sold 75% of its holdings

International Business News: Tesla sold $936 million worth of bitcoin in the second quarter, more than a year after the company bought $1.5 billion of the cryptocurrency at the pe

5 months ago·Mumbai, India

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BBC News

Elon Musk's Tesla sells most of its Bitcoin holdings

The announcement comes as the value of the world's biggest cryptocurrency has plunged.

5 months ago·United Kingdom

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News18 India

Tesla Sells 75% of its Bitcoin Holdings, Elon Musk Says No Dogecoin Sold by Company

The selling of Bitcoin in Q2 added $936M of cash to Tesla's balance sheet, the company said in a regulatory report on Wednesday.

5 months ago·India

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Reuters

Bitcoin recovers after falling on news Tesla sold 75% of its holdings

Bitcoin rebounded after a brief sell-off late on Wednesday sparked by news that electric carmaker Tesla Inc had sold about 75% of its holdings of the virtual token.

5 months ago·United Kingdom

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The Guardian

Tesla sells 75% of its bitcoin as profits slump due to production challenges

CEO Elon Musk said the cryptocurrency sale was to maximize its cash position only, but prices still slid after Wednesday’s report

5 months ago·London, United Kingdom

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CBC News

Tesla has sold 75% of its bitcoin holdings, electric car maker reveals

Profits at electric car maker Tesla fell by less than expected last quarter, boosted by price increases and the sale of three quarter's of the company's reserves of bitcoin.

5 months ago·Canada

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