HomeCryptocurrencyTesla sold 75% of the Bitcoin holdings

Tesla sold 75% of the Bitcoin holdings

According to automaker Tesla’s second-quarter report, Tesla sold about 75 percent of its 42,000 bitcoins.

Remember that moment of excitement when Tesla invested $1.5 billion in Bitcoin in January 2021? And at that time Tesla not only contributed to the recognition and search of BTC, but also talked about a long-term investment and saw Bitcoin as a means of payment in the near future. However, things have changed.

Bitcoin’s poor performance since the beginning of the year has caused many investors to reconsider their investments. However, it comes as a surprise that Tesla also decided to sell such a large amount of Bitcoin.

It is unknown if Tesla has any plans to buy Bitcoin again in the future. In particular, the US central bank’s recent increase in key interest rates due to high inflation causes institutions to dispose of their risky assets.

Why Tesla Dumped BTC + How much at what price?

Mehmet S. Kaya
Mehmet S. Kayahttps://teknonel.com
Mehmet is one of the administrator of Teknonel. As a software developer, he loves to share his knowledge in related topics. He is highly familiar with the editorial process from the inception of an article idea, through the iterative process, publishing, and performance analysis as well as product reviews.

Follow us on Social Media!

12FansLike
15,848FollowersFollow
13FollowersFollow
676SubscribersSubscribe

Related Articles

Binance’s BNB Chain bridge was hacked: $718 million lose is calculated

The BNB Chain developed by the cryptocurrency exchange Binance was hacked in the early morning of the 7th! The official cross-chain bridge (BSC Token...

Microstrategy is not afraid of bear market and buys 301 Bitcoins

Long-term optimistic about Bitcoin's micro-strategy, he entered the market again to buy 301 BTC, with a total investment of about 6 million US dollars,...

Hackers use Deepfake to impersonate Binance executives’ faces for cryptocurrency scams

A Binance executive pointed out that the hacker group used Deepfake (deep fake technology) to create an AI holographic projection like his face, and...

ETH option contracts will be released before Ethereum upgrade on September 15

Ethereum is about to usher in the much-anticipated Ethereum 2.0 mainnet on September 15th. Many people believe that Ethereum will usher in a surge...

Explore More Articles

Rolls-Royce builds world's largest jet engine-min

Rolls-Royce builds world’s largest jet engine

0
Rolls-Royce's new gas turbine engine, UltraFan, has just completed its first ground test before electric engines enter all areas of transportation. When launched, it will...
Best Car mods in Euro Truck Simulator 2-main

4 Best Car mods in Euro Truck Simulator 2

0
When it comes to Euro Truck Simulator 2, players mostly focused on trucks and trailers mod. However there are lots of great car mods...
4 Best Truck mods in Euro Truck Simulator 2

4 Best Truck mods in Euro Truck Simulator 2

0
ETS 2 is a game all about driving a truck in a massive world of roads. In this case, we have listed the best...