Tesla Sold 75% of Its Bitcoin Holdings in Q2

Tesla's earnings report of Q2 shows that the company sold $936 million Bitcoin in the second quarter of 2022, which was about 75% of its Bitcoin holdings. The company's current Bitcoin holdings are about $218 million. Elon Musk said in a presentation that he would be open to increasing bitcoin holdings in the future. After Tesla's announcement, Bitcoin price dropped from around $23,700 to $23,176.76 now.