Tesla (TSLA) Sold 75% of its Bitcoin Worth $936 Million

StreetInsider2022-07-21

According to the Q2 quarterly update, Tesla (NASDAQ: TSLA) has converted approximately 75% of its Bitcoin purchases into fiat currency during the quarter, which added $936 million of cash to its ...

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Comments

Looyusooi
2022-07-21
Looyusooi
Ok
SK557
2022-07-21
SK557
Okay
hotwheels
2022-07-21
hotwheels
In early 2021, Tesla started to invest in Bitcoin after updating its investment policy to give the company more flexibility to further diversify and maximize returns on its cash that is not required to maintain adequate operating liquidity. The company invested a total of $1.50 billion in bitcoin under this policy.
AlvinTing
2022-07-21
AlvinTing
Ok
henry0leu
2022-07-21
henry0leu
Ok lor...
Guavaxf30
2022-07-21
Guavaxf30
How much did they lose?

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141

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