As of yesterday, Tesla’s 2022 second quarter report has been announced. One of the most striking parts of the report was that the company sold a large amount of Bitcoin.
The company of billionaire businessman Elon Musk Teslahas invested in cryptocurrencies in the past years, and these investments have been positively received by the crypto community. Last year about The company that bought Bitcoin for $ 2 billionthe amount of Bitcoin in their hands as of yesterday 75%Announced that it was sold. Announced at 23:00 on 20 July in the second quarter balance sheet After Tesla announced that it had sold most of the Bitcoins it held in 2021, Musk answered the questions posed to him at the earnings call meeting.
Electric vehicle giant Tesla Bitcoin sale of $ 936 million Talking about it, Musk made the following points in his statements:
We sold some of our Bitcoins due to the uncertainty created by the quarantines in China. It was important for us to maximize our cash position in this environment.
On average, Tesla received Bitcoins last February. from $31,700 He added it to his wallet. On crypto money after Tesla’s Bitcoin purchase news There was an increase of about 15%. Tesla selling in the last wave of decline From 29 thousand dollars It is estimated that he disposed of his Bitcoins. In addition, after this sale, it is in the hands of Tesfla company. $218 million of digital assets remaining specified. On Bitcoin after Tesla’s sale news There was a 4% decrease.
In the continuation of the billionaire Musk statement;
We are definitely open to increasing our Bitcoin holdings going forward. Therefore, this sale should not be perceived as our final decision regarding Bitcoin. This is solely related to our liquidity concerns with the company due to the Covid-19 shutdowns in China.
gave his words.
A big dogecoin Elon Musk, who is known to be a supporter, continued his earnings call conference “We did not sell any of our Dogecoins.” he said. After this statement by Musk about Dogecoin, the token 10%close to volatile movements observed.