Tesla has dumped 75% of its bitcoin holdings a year after touting ‘long-term potential’
KEY POINTS Tesla said in its second-quarter earnings statement that it has “converted approximately 75% of our Bitcoin purchases into fiat currency.” The company invested $1.5 billion in bitcoin early last year. After a huge rally in 2021, the digital currency has plunged in value this year. PUBLISHED WED, JUL 20 2022 5:53 PM EDTUPDATED […]