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Tesla Sells 10% of its Bitcoin; Elon Says He is Hodling His Share

source-logo  coingape.com 27 April 2021 10:01, UTC

Tesla Inc, the electric car maker giant has sold 10% of its $1.5 billion purchase made in February earlier this year as per the company’s Q1 earnings report released on Monday. The earning report indicated that the EV maker has made $272 million from the sales of Bitcoin. Tesla had bought Bitcoin under $35K apiece and the top cryptocurrency is currently trading around $55K having reached a new ATH of $64,689. The decision to add Bitcoin to its treasury has proven quite fruitful for the most valuable car company as it has made more profit within 2 months of BTC purchase than the total combined profit from the sale of its highly popular electric cars and SUVs.