Elon Musk: Tesla Sold 10% of its Bitcoin to Prove its Liquidity as Cash Alternative

Story by Manikanta Immanni 5 months ago

The world's popular EV company, Tesla sold 10% of its $1.5 billion Bitcoin investment made in Q1 2021 to prove "liquidity of Bitcoin" as a cash alternative. This was revealed by both Elon Musk and by Tesla's CFO, who said investing in Bitcoin and trimming 10% of it had a positive cash flow in its Q1 2021 balance sheet.

Read more at Live Mint

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