Cryptocurrency Q&A
How much bitcoin did Tesla sell in Q2 2022?
How much bitcoin did Tesla sell in Q2 2022?
CharmedClouds
Tue Jul 09 2024
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5 answers
1126
With the current trend of major companies embracing cryptocurrency as a viable asset, the move by Tesla to acquire and later dispose of a significant amount of Bitcoin has sparked widespread curiosity. Could you elaborate on the precise figure of Bitcoin that Tesla sold in the second quarter of 2022? Understanding this transaction volume would provide valuable insights into the company's strategy and its perception of the cryptocurrency market at that particular point in time.
5 answers
Giuseppe
Thu Jul 11 2024
In its recent announcement of Q2 2022 financial results, Tesla disclosed a significant development regarding its Bitcoin holdings.
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SamsungSpark
Wed Jul 10 2024
Specifically, the electric car manufacturer confirmed that it had sold approximately 75% of its Bitcoin position.
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KimchiQueenCharmingKiss
Wed Jul 10 2024
According to the statement, by the end of the second quarter, Tesla had converted a significant portion of its Bitcoin investments into fiat currency.
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Caterina
Wed Jul 10 2024
This move resulted in an addition of $936 million in cash to Tesla's balance sheet.
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AmyDavis
Wed Jul 10 2024
While the reasoning behind the sale remains unclear, it is evident that Tesla has taken a substantial step in reducing its exposure to cryptocurrency.
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