CoinDesk: Tesla Sold $936M Worth of Bitcoin in Q2, but Kept Dogecoin
Electric car maker Tesla sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter to maximize its cash position, CEO Elon Musk said. He added that "we were concerned about overall liquidity for the company, given COVID shutdowns in China. And we have not sold any of our dogecoin." "The Hash" panel discusses the sale's impact on the market and Musk's potential future bitcoin plans.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.
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