Tesla sells off 75 percent of Bitcoin holdings ...Middle East

Tesla has sold off 75 percent of its holdings in Bitcoin, which was worth about $2 billion at the end of 2021, after making a huge investment in the cryptocurrency in 2021. The value of Bitcoin has since crashed, and during an investor call, Tesla CEO Elon Musk emphasized that  the sale was about "overall liquidity" and did not reflect a "verdict" on Bitcoin itself. "We are certainly open to increasing our Bitcoin holdings in future," Musk said on the call, according to a report by Yahoo, "so this should not be taken as some verdict on Bitcoin. It's just that we were concerned about overall liquidity for the company, given COVID shutdowns in China. And we have not sold any of our

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