Tesla Sells 75% Of Its Bitcoin Holdings After Turbulent Crypto Foray

Tesla Inc. sold a significant chunk of its stake in Bitcoin,

In February 2021 that it had invested $1.5 billion in Bitcoin,

Tesla said Wednesday its digital assets have shrunk to $218 million

The cryptocurrency has retreated from a record high of almost $69,000 in November.

Shares in MicroStrategy Inc., another major corporate buyer of Bitcoin, were down around 4% in post-market trading

At the end of the second quarter, the software firm's own Bitcoin pile was worth around $3.4 billion less than in the previous one.

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