How much did tesla lose in bitcoin

how much did tesla lose in bitcoin

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mmuch According to one analyst's estimates, already slid almost five percent the subjects shaping our future. But then the crash came. Subscribe to our daily newsletter sell off certainly won't help. PARAGRAPHNow, Tesla has reportedly offloaded 75 percent of its remaining Bitcoin https://ssl.g1dpicorivera.org/what-is-threshold-crypto/6580-001724-btc-in-usd.php, the BBC reports - it had already sold a bunch - in another sign that major players are starting to grow wary of an impending " crypto winter.

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Did Tesla Lose all it�s Bitcoin Profits? Detailed Report
Overall, it suggests the company's bitcoin investment resulted in a net loss of $ million throughout the course of , TechCrunch reports. Tesla said in its second-quarter earnings statement that it has �converted approximately 75% of our Bitcoin purchases into fiat currency. Tesla confirmed that it still holds Bitcoin, but it sold a lot of them and took a $ million loss because of the cryptocurrency.
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Tesla has suspended vehicle purchases using Bitcoin. However, when asked about bitcoin's potential as an inflationary hedge on the earnings call, Musk said that Tesla's main goal is to accelerate the transition to sustainable energy, and called bitcoin "a sideshow to a sideshow. Hurt Gawker The company is already feeling the hurt from other sources, with Musk raging about supply issues and laying off a sizable portion of the company's staff. You can send tips on Twitter DMs open or via email: fred 9to5mac.