
Tesla sold 75% of its Bitcoin holdings and Crypto Market in Pressure
Electric vehicle giant Tesla has dumped most of its BTC reserves, according to its second-quarter earnings statement released on Wednesday. Elon Musk's electric vehicle maker has sold 75% of its BTC reserves, according to its second-quarter earnings statement. "As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency," and "Conversions in Q2 added $936M of cash to our balance sheet." Tesla said in its quarterly earnings report. Tesl