Bitcoin: Tesla's BTC holding after selling 75% remains..
Tesla and its CEO Elon Musk have had a love-hate relationship with Bitcoin [BTC]. Musk created quite the buzz after dropping support for the king coin and reducing Tesla’s BTC holdings over the last couple of months. Despite this, the electric car manufacturer continues to hold $218 million worth of Bitcoin. Just yesterday, Tesla released its Q3 earnings report and noted how the firm did not add or sold its Bitcoin holdings since the last quarter. It should be noted that the firm sold 75 percent of its Bitcoin holdings back in June. This was roughly $936 million worth of BTC and afterward, the firm was left with $222 million in BTC by the end of June. Back in February 2021, Tesla declared that it entailed $1.5 billion invested in Bitcoin. However, as mentioned earlier, the firm got rid of nearly $950 million worth of BTC. Elaborating on the reason behind this sale, Musk stated during the Q2 investor call, “It was important for us to maximize our cash position, gi...