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

Bitcoin Falls 6.4% on News That Musk's Tesla Sold 75% of Its BTC Last Quarter

In a major rhetorical reversal, Tesla disclosed it dumped 75% of its Bitcoin just months after touting the "long-term potential" of the crypto. Read on for details.

Tesla sells off 75 percent of Bitcoin holdings

Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the end of 2021, after making a huge investment in the cryptocurrency in 2021. The value of Bitcoin has…

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.

Tesla sold $936M of its bitcoin holdings in Q2

Electric vehicle maker Tesla converted 75% of its bitcoin holdings into fiat currency, according to an announcement made by the company on its recent earnings call.

Tesla Sees Profit Decline, Sells Off 75 Percent of Its Bitcoin Holdings

This comes soon after the recent crypto market crash when Bitcoin and Ethereum's prices dropped significantly.

Elon Musk's Tesla has sold 75% of its Bitcoin: Here's why

Tesla offloads the bulk of its Bitcoin holdings but chief Elon Musk says the decision was not a "verdict" on the digital currency.