(CNBC) Early last year, Tesla invested $1.5 billion in bitcoin, banking on what the electric car maker called the digital currency’s “long-term potential.” The company has already sold three-quarters of its holdings. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,”
Tesla dumps 75% of its bitcoin holdings a year after touting ‘long-term potential’
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