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Tesla did not buy or sell Bitcoin in the third quarter, and the value of its digital assets remains the same as at the end of the second quarter

2022-10-20 07:30:09

ChainCatcher news, according to Tesla's third-quarter financial report, the company did not buy or sell Bitcoin this quarter. The value of Tesla's digital assets remains at $218 million, the same as at the end of the second quarter.

It is reported that Tesla sold 75% of its Bitcoin holdings in the second quarter, realizing $936 million, with an average selling price of $29,000. The funds raised helped Tesla turn its free cash flow from negative to positive in the second quarter. (CoinDesk)

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