It has been learned that Elon Musk's company has sold 75 percent of its Bitcoin assets.

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It has been learned that Elon Musk's company has sold 75 percent of its Bitcoin assets.

Elon Musk did not fall off the agenda with his posts about Bitcoin during the past year, when Bitcoin was in the bull season. Tesla company, owned by businessman Elon Musk, announced in its second quarter report that it sold 75 percent of its Bitcoin assets. The information in question was obtained through the earnings report published by Tesla. So why did Musk make this sale? Here is the answer.

SOLD 75 PERCENT OF BITCOIN ASSETS

In its earnings report, Tesla announced that $ 936 million Bitcoin was sold. This means that the company has sold 75 percent of its Bitcoins.

Bitcoin move from Musk: Investors are talking about this decision
In the statement in question, there is information that Tesla has only 218 million dollars in digital assets.

CEO Elon Musk said during Tesla's earnings call that the company sold most of Bitcoin to maximize its cash position "given the uncertainty of the PANDEMIC lockdowns in China".

However, Tesla is open to raising bitcoin in the future and this move should not be taken as a decision about Bitcoin.” Musk also said that Tesla did not sell any of his dogecoins.



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Tags:
It has been learned that Elon Musk's company has sold 75 percent of
its Bitcoin assets.
In the statement in question
there is information that Tesla
has only 218 million dollars in digital assets.
In its earnings report Tesla announced that $ 936 million Bitcoin was sold
Tesla company
owned by businessman Elon Musk
its second quarter report that it sold 75 percent of its Bitcoin assets
The information in question was obtained through
the earnings report published by Tesla