Tesla Sold Its Bitcoin Because of COVID Lockdowns in China Du | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Tesla Sold Its Bitcoin Because of COVID Lockdowns in China
During Today's Tesla earnings call, Tesla CEO Elon explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as noted in its Q2 earnings report. Although China had eased COVID restrictions in major cities at the end of May.As a result, China’s “zero COVID policy” is again being put to the test, prompting new warnings of larger economic headwinds.
