Tesla sold 75% of its Bitcoin holdings over the second quarter of the year, which resulted in $936M added to their balance sheet. Back in February 2021, Elon Musk and Tesla purchased $1.5B in bitcoin in order to add “more flexibility to further diversify and maximize returns on our cash.”
Tesla Sells 75% of its Bitcoin
Tesla Sells 75% of its Bitcoin
Tesla Sells 75% of its Bitcoin
Tesla sold 75% of its Bitcoin holdings over the second quarter of the year, which resulted in $936M added to their balance sheet. Back in February 2021, Elon Musk and Tesla purchased $1.5B in bitcoin in order to add “more flexibility to further diversify and maximize returns on our cash.”