Tesla Sold $ 272 Million Worth Of Bitcoin

Tesla which purchased $ 1.5 billion worth of BTC earlier this year announced that it sold $ 272 million of it

Electric car manufacturer Tesla sold $ 272 million worth of Bitcoin Tesla, founded by the famous billionaire Elon Musk, bought $ 1.5 billion Bitcoin in early 2021, reported that it sold $ 272 million of Bitcoins in its first quarter report today. This sale, worth $ 272 million, was shown in the company's first quarter 2021 earnings report, in the "revenues from sales of digital assets" section. Tesla, which still holds most of its BTCs, announced that it made the purchase of $ 1.5 billion in February this year. The purchase in question was mediated by the cryptocurrency exchange Coinbase. On the other hand, the electric car manufacturer, founded by Elon Musk, announced last month that it started accepting payments with Bitcoin. It was reported that the Bitcoins to be obtained from here will not be converted into fiat currency such as US dollar and Euro, but will be kept as BTC directly.