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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