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Tesla sold 75 percent of its Bitcoin

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by COINS NEWS 68 Views

tldr; Tesla has sold 75% of its Bitcoin holdings, according to its Q2 2022 financial report. The automaker made $2.26 billion in profit this quarter, down 31% from last quarter when it posted profits of $3.3 billion. Last year, Tesla made a $1.5 billion investment in bitcoin and announced that it would accept bitcoin as payment.

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