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BenjaminLim
2022-07-21

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

Bitcoin (BTC-USD) is giving up some earlier gains in late Wednesday afternoon trading, as Tesla (NAS

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

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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. 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