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Tuesday, Oct 04, 2022
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Elon Musk swore in March not to sell any Bitcoin, but Tesla cashed out 75% of its Bitcoin holdings amid the crypto winter just months later

Elon Musk swore in March not to sell any Bitcoin, but Tesla cashed out 75% of its Bitcoin holdings amid the crypto winter just months later

Tesla converted most of its Bitcoin holdings into fiat last quarter, netting $963 million, an implied loss of just around $160 million from its initial investment. Musk said before the quarter began that he’d never sell Bitcoin.
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