Last week, Tesla Motors revealed that it sold nearly $1 billion worth of Bitcoin (BTC) in the second quarter to meet an unexpected rise in operating costs. In its recent filing with the Securities and Exchange Commission, the electric car manufacturer said that the value of crypto holdings was now reduced to around $222 million after its sale. The company sold 75 percent of its Bitcoin holdings, which added $936 million of cash to its balance sheet. The company realized gains of $64 million from its BTC sale. During the three and six months ended June 30, 2022, we recorded impairment...
source: https://tokenpost.com/Teslas-Bitcoin-holdings-down-to-222M-after-selling-75-of-its-BTC-stash-9692
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