Tesla Sells Most of the Bitcoin It Had Stockpiled

The electric vehicle maker invested $1.5 billion in the cryptocurrency more than a year ago, garnering support and appreciation from DeFi fans. But in its Q2 earnings report, Tesla revealed it sold 75 percent of its holdings, citing “Bitcoin impairment.” The crypto market immediately dropped following the news, though it has since recovered. But Elon Musk revealed the company wasn’t calling it quits — Tesla still holds Dogecoin.

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