Elon Musk’s Tesla promote most of its Bitcoin holdings – BBC News

Elon Musk’s Tesla promote most of its Bitcoin holdings – BBC News

The electrical vehicle company Tesla, which made waves final year when it revealed a most important investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency.

The company has offloaded 75% of its Bitcoin, which became price about $2bn (£1.7bn) on the pause of 2021.

The price of the cryptocurrency has plunged, falling by more than 50% this year.

Tesla boss Elon Musk has been amongst the most excessive profile champions of cryptocurrency, with his pronouncements on social media typically driving most important trading process.

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