Crypto News: Tesla made realized gains of $64M from its Bitcoin sale

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Tesla’s Q2 2022 earnings call showed that the electric car maker sold most of its Bitcoin holdings for nearly $1 billion. The company netted a hefty profit despite the recent drop in cryptocurrency prices. Tesla sheds off 75% of its Bitcoin During the second quarter, Tesla sold the majority of its Bitcoin holdings. Before the sale, Tesla was one of the largest corporate Bitcoin holders, and it had even assured that its purchase would demonstrate Bitcoin’s long-term viability. The Q2 ...

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