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Tesla Unloads Huge Amount of BTC: Update

Thursday, Jul 21 2022

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Written by FinTech News Brief

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After making a big splash by buying $1.5 billion worth of Bitcoin, Tesla has now sold most of those holdings. So reports the BBC.

The car manufacturer has sold 75% of its holdings, which were valued at close to $2 billion as 2021 closed. Tesla recently stopped accepting the world’s most valuable cryptocurrency as payment citing environmental concerns related to Bitcoin’s mining operations.

Read the full article from the BBC.

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