Tesla Sold $936M Worth of Bitcoin in Q2, but Kept Dogecoin

CoinDesk published this video item, entitled “Tesla Sold $936M Worth of Bitcoin in Q2, but Kept Dogecoin” – below is their description.

Electric car maker Tesla sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter to maximize its cash position, CEO Elon Musk said. He added that “we were concerned about overall liquidity for the company, given COVID shutdowns in China. And we have not sold any of our dogecoin.” “The Hash” panel discusses the sale’s impact on the market and Musk’s potential future bitcoin plans.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto

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About This Source - CoinDesk

CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.

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