Cryptocurrency News

Experts reveal what Tesla’s $936M sell-off means for Bitcoin

07/21/2022

Less than a minute

2022.07.21 07:17

Experts reveal what Tesla's $936M sell-off means for Bitcoin
Experts reveal what Tesla’s $936M sell-off means for Bitcoin

Crypto industry experts are largely unfazed by Tesla’s decision to sell 75% of its Bitcoin (BTC) holdings, saying it’s a fairly typical strategy for companies to improve cash flow during economic slowdowns.

On Wednesday, the electric vehicle manufacturer revealed that it had sold 75% of its Bitcoin holdings in Q2, adding $936 million in fiat to its balance sheet.

07/21/2022

Less than a minute

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