Tesla sells 75% of its Bitcoin holdings as Covid shutdowns, production issues impact profits - Technology News, Mobile Technology News, Videos, and Review | Techbrinks

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Thursday, 21 July 2022

Tesla sells 75% of its Bitcoin holdings as Covid shutdowns, production issues impact profits


Tesla revealed it had purchased $1.5 billion worth of Bitcoin in February last year, helping push the digital coin to a then-record high of $44,000. It sold 10% of those holdings that April, and now the company has confirmed the sale of 75% of its remaining Bitcoin, converting the digital...

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