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Breaking: Tesla sold 75% of Bitcoin holdings in Q2

07/21/2022

Less than a minute

2022.07.21 17:45

Breaking: Tesla sold 75% of Bitcoin holdings in Q2

Electric vehicle maker Tesla (NASDAQ:TSLA) sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday.

“As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” Tesla said in its quarterly report. “Conversions in Q2 added $936M of cash to our balance sheet.”

07/21/2022

Less than a minute

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