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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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Comment24

  • Looyusooi
    ·2022-07-21
    Ok 
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  • SK557
    ·2022-07-21
    Okay
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  • hotwheels
    ·2022-07-21
    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.
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  • AlvinTing
    ·2022-07-21
    Ok
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  • henry0leu
    ·2022-07-21
    Ok lor...
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  • Guavaxf30
    ·2022-07-21
    How much did they lose? 
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  • Jahme
    ·2022-07-21
    Sigh 
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  • Huatahhuat
    ·2022-07-21
    Bye bye to cryptocurrencies 
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  • hphoa
    ·2022-07-21
    Good bo
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  • Paggie
    ·2022-07-21
    Reply
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  • Fayedea
    ·2022-07-21
    Great
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  • FGP
    ·2022-07-21
    Hoo Haa? 🤡
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  • KangRui
    ·2022-07-21
    Tats a sign
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  • Alexiss
    ·2022-07-21
    K
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  • Paximus
    ·2022-07-21
    So how much did Tesla lose on its Bitcoin?
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  • zhenx
    ·2022-07-21
    Like
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  • har888
    ·2022-07-21
    Ok
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  • Williamw
    ·2022-07-21
    Ok
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  • KITkat
    ·2022-07-21
    *sweat
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  • Whitetiger
    ·2022-07-21
    Old value minus new holdings = sales, only if price didn't move. That is not true for bitcoin in the last quarter, unless Tesla timed its Sales very well. 
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