Elon Musk Tesla Sold 10% of Its Bitcoin Holdings

0 253

Elon Musk Tesla Sold 10% of Its Bitcoin HoldingsTesla CEO Elon Musk confirmed on Twitter that Tesla has sold about 10% of its Bitcoin holdings. This step was taken to check the liquidity of the world's largest cryptocurrency.

Musk has not sold any of his bitcoins yet. Musk's recent comments came in response to accusations by Dave Portnoy who criticized Tesla's moves for Pump and Dump Bitcoin.

So, do I understand this correctly? Buy bitcoin holder. Then pump it. go up. Then he dumps it and makes a fortune. Listen I own 1 Bitcoin but Bitcoin is exactly what we thought it was.

Dave Portnoy


I have not sold any of my bitcoins. Tesla sold 10% of its holdings to prove Bitcoin liquidity as an alternative to holding cash on the balance sheet

ion mask

In February 2021, Tesla revealed an investment of $1.5 billion in bitcoin. It began accepting bitcoin as payment for its products including Model S, Model 3, Model X, Model Y, and Cybertruck.

According to the latest financial results published by Tesla, the company has seen a positive impact of bitcoin sales on the results of the first quarter of 2021. The largest Tesla generated a net revenue of $272 million from its recent bitcoin sale.. Musk said the sale was to prove the value of bitcoin's liquidity. Bitcoin was unaffected by the news and is still rising moderately.


Seize the chance to earn real money instantly!
Take 4 simple steps along the path to success and financial independence
Open a trading account to sign up for MetaTrader 4
Beginner traders can start their career in forex Practice on a demo account
Download MetaTrader 4 - Powerful, reliable and proven trading platform
System requirements: Windows 7 and later versions
platform MetaTrader 4 for Android
System requirements: Android 4.0 and above, 3G/WiFi
platform MetaTrader 4 for iOS
System requirements: iOS 4.0 or later, 3G/Wifi
Deposit to your trading account through any convenient payment system
Great bonuses guarantee your confident start in trading
Bonuses are added ranging in size From 20% to 50% to your account every time you make a deposit
Related topics
التقيمات المضمنة
عرض جميع التعليقات