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Tesla Reveals Partial Bitcoin Sale For $272 Million

Reading Time: 2 minutes Tesla sold 10% of its bitcoin holdings during the last quarter The company sold its holdings for $272 million CEO Elon Musk denied that the company was seeking an exit from its Bitcoin investment Tesla shed some of its Bitcoin holdings for a $272 million, with owner Elon Musk stating that the move was carried out to “prove liquidity of Bitcoin” rather than any suggestion of a lack of faith in the digital currency. Tesla caused the price of Bitcoin to rocket in February when it announced that it had bought $1.5 billion worth of the asset the prior month,
The post Tesla Reveals Partial Bitcoin Sale For $272 Million appeared first on FullyCrypto.
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