Read Time:32 Second
Tesla disposed of 75% of its bitcoin holdings in the second quarter, as the crypto traded 65% lower from its record high in November. The company sold the coins for $936 million, according to the electric car marker’s earnings report released Wednesday. Tesla said it invested $1.5 billion in bitcoin early 2021, when the crypto was trading above $30,000. The largest crypto is now trading at around $23,118, down 1% over the past 24 hours, according to CoinDesk data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
0
0