Bitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash

Seeking Alpha2022-07-21

Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the cryptocurrency worth $936M.
Over the past24 hours, the world's largest digital token by market cap (BTC-USD) is flipping to negative territory, changing hands at $23.3K as of shortly before 5:30 p.m. ET vs. an intraday high of $24.2K.
The move comes even after Tesla (TSLA) CEO Elon Musk's remarks in March that he wasn't planning to sell his personal stakes in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD).
Since then, bitcoin (BTC-USD) is off nearly 41%, ether (ETH-USD) is down around40%and doge (DOGE-USD)-39%in the wake of a broad market downturn, according to this chart.
This isn't the first time that Tesla (TSLA) liquidated some of its bitcoin (BTC-USD) stash. The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.
Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.

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Comments

4West
2022-07-21
4West
Urgh
RS142
2022-07-21
RS142
Yes 👍👍
YnR V
2022-07-21
YnR V
Kiki19
2022-07-21
Kiki19
Please like
TaiJin
2022-07-21
TaiJin
bluefun
2022-07-21
bluefun
Avoid
- Kiki19:
  K

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The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.</li><li>Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-21 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118462597","content_text":"Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the cryptocurrency worth $936M.Over the past24 hours, the world's largest digital token by market cap (BTC-USD) is flipping to negative territory, changing hands at $23.3K as of shortly before 5:30 p.m. ET vs. an intraday high of $24.2K.The move comes even after Tesla (TSLA) CEO Elon Musk's remarks in March that he wasn't planning to sell his personal stakes in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD).Since then, bitcoin (BTC-USD) is off nearly 41%, ether (ETH-USD) is down around40%and doge (DOGE-USD)-39%in the wake of a broad market downturn, according to this chart.This isn't the first time that Tesla (TSLA) liquidated some of its bitcoin (BTC-USD) stash. The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074261454,"gmtCreate":1658364355778,"gmtModify":1676536147495,"author":{"id":"4097387260130260","authorId":"4097387260130260","name":"Kiki19","avatar":"https://static.itradeup.com/news/1330ce44324f235bf8d1fd1b32e7b559","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4097387260130260","authorIdStr":"4097387260130260"},"htmlText":"Please like&nbsp;","listText":"Please like&nbsp;","text":"Please like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074261454","repostId":1118462597,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074269566,"gmtCreate":1658364128955,"gmtModify":1676536147447,"author":{"id":"3585363622677550","authorId":"3585363622677550","name":"TaiJin","avatar":"https://static.tigerbbs.com/24d2d840485600ee9789f516e956a70f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585363622677550","authorIdStr":"3585363622677550"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9074269566","repostId":1118462597,"repostType":4,"repost":{"id":"1118462597","kind":"news","pubTimestamp":1658361695,"share":"https://ttm.financial/m/news/1118462597?lang=&edition=full_marsco","pubTime":"2022-07-21 08:01","market":"other","language":"en","title":"Bitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash","url":"https://stock-news.laohu8.com/highlight/detail?id=1118462597","media":"Seeking Alpha","summary":"Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NAS","content":"<html><head></head><body><ul><li>Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the cryptocurrency worth $936M.</li><li>Over the past24 hours, the world&#39;s largest digital token by market cap (BTC-USD) is flipping to negative territory, changing hands at $23.3K as of shortly before 5:30 p.m. ET vs. an intraday high of $24.2K.</li><li>The move comes even after Tesla (TSLA) CEO Elon Musk&#39;s remarks in March that he wasn&#39;t planning to sell his personal stakes in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD).</li><li>Since then, bitcoin (BTC-USD) is off nearly 41%, ether (ETH-USD) is down around40%and doge (DOGE-USD)-39%in the wake of a broad market downturn, according to this chart.</li><li>This isn&#39;t the first time that Tesla (TSLA) liquidated some of its bitcoin (BTC-USD) stash. The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.</li><li>Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-21 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118462597","content_text":"Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the cryptocurrency worth $936M.Over the past24 hours, the world's largest digital token by market cap (BTC-USD) is flipping to negative territory, changing hands at $23.3K as of shortly before 5:30 p.m. ET vs. an intraday high of $24.2K.The move comes even after Tesla (TSLA) CEO Elon Musk's remarks in March that he wasn't planning to sell his personal stakes in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD).Since then, bitcoin (BTC-USD) is off nearly 41%, ether (ETH-USD) is down around40%and doge (DOGE-USD)-39%in the wake of a broad market downturn, according to this chart.This isn't the first time that Tesla (TSLA) liquidated some of its bitcoin (BTC-USD) stash. The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9074282490,"gmtCreate":1658363886010,"gmtModify":1676536147297,"author":{"id":"3560825566709184","authorId":"3560825566709184","name":"bluefun","avatar":"https://static.tigerbbs.com/84fe19aaaddc330d697022fc5b1a032d","vip":2,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3560825566709184","authorIdStr":"3560825566709184"},"htmlText":"Avoid&nbsp;","listText":"Avoid&nbsp;","text":"Avoid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9074282490","repostId":1118462597,"repostType":4,"repost":{"id":"1118462597","kind":"news","pubTimestamp":1658361695,"share":"https://ttm.financial/m/news/1118462597?lang=&edition=full_marsco","pubTime":"2022-07-21 08:01","market":"other","language":"en","title":"Bitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash","url":"https://stock-news.laohu8.com/highlight/detail?id=1118462597","media":"Seeking Alpha","summary":"Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NAS","content":"<html><head></head><body><ul><li>Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the cryptocurrency worth $936M.</li><li>Over the past24 hours, the world&#39;s largest digital token by market cap (BTC-USD) is flipping to negative territory, changing hands at $23.3K as of shortly before 5:30 p.m. ET vs. an intraday high of $24.2K.</li><li>The move comes even after Tesla (TSLA) CEO Elon Musk&#39;s remarks in March that he wasn&#39;t planning to sell his personal stakes in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD).</li><li>Since then, bitcoin (BTC-USD) is off nearly 41%, ether (ETH-USD) is down around40%and doge (DOGE-USD)-39%in the wake of a broad market downturn, according to this chart.</li><li>This isn&#39;t the first time that Tesla (TSLA) liquidated some of its bitcoin (BTC-USD) stash. The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.</li><li>Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Gives up Some Gains As Elon Musk's Tesla Sells 75% of BTC Stash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-21 08:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/news/3858845-bitcoin-gives-up-some-gains-as-elon-musks-tesla-sells-75-of-btc-stash","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118462597","content_text":"Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NASDAQ:TSLA) disclosed in its Q2 earnings report that it has sold 75% of its position in the cryptocurrency worth $936M.Over the past24 hours, the world's largest digital token by market cap (BTC-USD) is flipping to negative territory, changing hands at $23.3K as of shortly before 5:30 p.m. ET vs. an intraday high of $24.2K.The move comes even after Tesla (TSLA) CEO Elon Musk's remarks in March that he wasn't planning to sell his personal stakes in bitcoin (BTC-USD), ethereum (ETH-USD) and dogecoin (DOGE-USD).Since then, bitcoin (BTC-USD) is off nearly 41%, ether (ETH-USD) is down around40%and doge (DOGE-USD)-39%in the wake of a broad market downturn, according to this chart.This isn't the first time that Tesla (TSLA) liquidated some of its bitcoin (BTC-USD) stash. The electric car manufacturer sold $300M of BTCin Q1 2021 for what looked to be a decent profit.Previously, (June 13) Tesla could take a big loss on its Bitcoin bets.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":102993990,"gmtCreate":1658364365491,"gmtModify":1663254805025,"authorId":4097387260130260,"author":{"id":4097387260130260,"idStr":"4097387260130260","authorId":4097387260130260,"name":"Kiki19","avatar":"https://static.itradeup.com/news/1330ce44324f235bf8d1fd1b32e7b559","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9074282490,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":111,"commentSize":13,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1118462597"}