Tesla Unloads 75% of Its Bitcoin Holdings for $963 Million

During the company’s Q2 earnings report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million. Tesla said the value of its remaining “digital assets” is $218 million.

The company’s selloff comes after a steep decline in the price of cryptocurrencies across the board, including both Bitcoin and Dogecoin, which Musk has personally supported in his social media postings and in his position as CEO of Tesla.

[Via]

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