Elon Musk’s company Tesla announced in its second quarter report that it has sold 75% of its Bitcoin holdings.
In its earnings report, Tesla reported that $ 936 million Bitcoin was sold. This shows that the company has sold 75% of the Bitcoins it holds.
According to the statement, Tesla currently only has $218 million in digital assets.
Elon Musk’s company bought Bitcoin for $ 1.5 billion in February 2021, pushing the price of the asset to peak levels.
The company first announced in May 2021 that it was canceling Bitcoin payments, citing environmental concerns.
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