The car giant caused a stir when they admitted to selling 75% of their holdings in Q2 of 2022.
Elon Musk did mention at the time of the sale that the company was not making a statement by selling Bitcoin, and that they might acquire more Bitcoin in the future. It was merely a measure to protect the company through the face "of uncertainty of Covid lockdowns in China." The value of Tesla holdings is still around $218 million.
Will Tesla keep adding to their digital assets in the near future? This is unlikely with the current market conditions, however it is a possibility in the more distant future. Watch this space.
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