The company disclosed that it currently owns $218 million worth of digital assets after selling $963 million worth of bitcoin. Musk has detailed in the past that he personally owns Dogecoin but has not indicated that Tesla does, though the electric car company has been accepting Doge payments for some merchandise on their website. Elon Musk discloses that Tesla owns Dogecoin, but how much does it have? Elon Musk apparently isn’t trying to hodl Tesla’s bitcoin during a crypto winter. Despite announcing that Tesla had sold 75% of its bitcoin holdings in Q2, CEO Elon Musk disclosed in a quarterly investor call that the company also held Dogecoin and had not sold any of those holdings. During the company’s Q2 earnings report, the electric car company revealed it has sold 75% of its bitcoin holdings this quarter. In an earnings call, the company’s executives said the reason for the sale was a desire to maximize cash positions during the uncertainty of China’s COVID lockdowns. The company’s selloff comes after a steep decline in the price of cryptocurrencies across the board, including both Bitcoin and Dogecoin, which Musk has personally supported in his social media postings and in his position as CEO of Tesla.
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