Musk Says Tesla Sold Bitcoin to Prove Liquidity as Cash Alternative

Tesla CEO says firm trying to show Bitcoin as cash alternative
Billionaire adds he hasn’t sold his personal Bitcoin holdings

Tesla Sells $101 Million of Bitcoin to Prove Token’s Liquidity

April 26, 2021 at 11:31 PM UTC

Updated on

April 27, 2021 at 9:21 AM UTC

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Elon Musk said Tesla Inc. sold 10% of its Bitcoin holdings to demonstrate the token’s liquidity, while adding that he’s retained his personal investment in the cryptocurrency.