Tesla Sold Out 75% Of Its Bitcoin Holding Due To Incident Of liquidity Of The Company Given COVID-19 Related Shutdowns In China
In the letter sent to Tesla shareholders by Elon Musk, Tesla's head, he revealed that he sold 75% of their Bitcoin holdings and accumulate a total of $936 million. Tesla revealed how he fought the inflation and economic meltdown in its full Q2 2022 financial report. He explained he sold the Bitcoin because of the incident of liquidity of the company given COVID-19. He further stated that the massive sold-out should not be taken as any verdict on the flagship cryptocurrency.
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Elon Musk, A crypto Influencer
Elon Musk also made it known that Tesla hasn’t sold any of its Dogecoin. Musk has become the major promoter and influencer of crypto...