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chemgear · 07-20-2022, 07:30 PM

https://fortune.com/2022/07/20/tesla...rter-earnings/

Elon Musk swore in March not to sell any Bitcoin, but Tesla cashed out 75% of its Bitcoin holdings amid the crypto winter just months later

Electric vehicle maker Tesla sold $936 million worth of Bitcoin, 75% of its holdings, in the second quarter, according to a shareholder deck released in anticipation of its earnings call on Wednesday.

The company, led by the world’s richest man, Elon Musk, had just $218 million in Bitcoin remaining on its balance sheet, compared to $1.26 billion in the first quarter.

07-20-2022, 07:30 PM	#2368
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://fortune.com/2022/07/20/tesla...rter-earnings/ Elon Musk swore in March not to sell any Bitcoin, but Tesla cashed out 75% of its Bitcoin holdings amid the crypto winter just months later Electric vehicle maker Tesla sold $936 million worth of Bitcoin, 75% of its holdings, in the second quarter, according to a shareholder deck released in anticipation of its earnings call on Wednesday. The company, led by the world’s richest man, Elon Musk, had just $218 million in Bitcoin remaining on its balance sheet, compared to $1.26 billion in the first quarter.