Tesla sells 75 percent of Bitcoin. This is not a sentence, says Elon Musk.


The deals concluded in the second quarter improved Tesla’s cash position by $ 936 million.

In February 2021, Musk announced a $ 1.5 billion Bitcoin purchase, later in April he will sell 10%. these goods. The digital assets on Tesla’s balance sheet are currently worth $ 218 million.

Tesla acknowledged that the weakness in the cryptocurrency market hurt its profitability.

In a conference on quarterly results, Musk, the richest person in the world, said that due to the uncertainty surrounding the pandemic, the sale of bitcoin should serve to maximize Tesla’s liquidity. “This shouldn’t be taken as a normal bitcoin verdict,” she added.

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After Tesla’s bitcoin sale was disclosed, the price of this cryptocurrency drops below $ 23,000, according to Bloomberg.

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