They bought around February - March 2021 so 30-50k which means they sold at a loss adding power to the April - May crash.
This should be a lesson to those of you who want to invest in companies like Tesla. These moves show that they aren't run by geniuses but normal people who buy at the top and then panic sell at the bottom. They don't care about bitcoin, decentralization, changing the world. They also don't care about the environment. What Musk did pumping and dumping bitcoin and saying that it's bad for the environment was a low level scam you'd expect from a street peddler, not a CEO of a big company.
Topic: Tesla: "We have converted approximately 75% of our BTC into fiat currency" - page 5. (Read 875 times)
July 20, 2022, 04:42:04 PM
July 20, 2022, 04:36:51 PM
Depends on 'which' bitcoin they sold. They have / had been accumulating for a very long time so depending on how they want to show it for tax reasons they could have sold at a loss or a profit.
At a guess, they want to build up a bit of a war chest of fiat for some reason. You don't sell assets just to improve your balance sheet for no reason.
That or they are feeling the pressure from elsewhere to sell it.
-Dave
At a guess, they want to build up a bit of a war chest of fiat for some reason. You don't sell assets just to improve your balance sheet for no reason.
That or they are feeling the pressure from elsewhere to sell it.
-Dave
July 20, 2022, 04:26:23 PM
did they sell at a loss?
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