{"id":82090,"date":"2022-07-21T01:45:41","date_gmt":"2022-07-21T05:45:41","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82090"},"modified":"2022-07-21T01:27:51","modified_gmt":"2022-07-21T05:27:51","slug":"tesla-dumps-75-of-its-bitcoin-holdings-a-year-after-touting-long-term-potential","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2022\/tesla-dumps-75-of-its-bitcoin-holdings-a-year-after-touting-long-term-potential.html","title":{"rendered":"Tesla dumps 75% of its bitcoin holdings a year after touting \u2018long-term potential\u2019"},"content":{"rendered":"\n<p>(CNBC) Early last year, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/TSLA\" target=\"_blank\">Tesla<\/a> invested $1.5 billion in <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CB=?qsearchterm=btc\">bitcoin<\/a>, banking on what the electric car maker <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/ix?doc=\/Archives\/edgar\/data\/0001318605\/000095017021000524\/tsla-20210630.htm\" target=\"_blank\">called<\/a> the digital currency\u2019s \u201clong-term potential.\u201d The company has already sold three-quarters of its holdings. \u201cAs of the end of <a href=\"https:\/\/www.cnbc.com\/2022\/07\/20\/tesla-tsla-earnings-q2-2022-.html\">Q2<\/a>, we have converted approximately 75% of our Bitcoin purchases into fiat currency,\u201d <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/07\/20\/tesla-converted-75percent-of-bitcoin-purchases-to-fiat-currency-in-q2-2022.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Early last year, Tesla invested $1.5 billion in bitcoin, banking on what the electric car maker called the digital currency\u2019s \u201clong-term potential.\u201d The company has already sold three-quarters of its holdings. \u201cAs of the end of Q2, we have [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82090","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82090"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82090\/revisions"}],"predecessor-version":[{"id":82091,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82090\/revisions\/82091"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}