A drop in bitcoin prices came as electric carmaker Tesla said in an earnings report on Wednesday that it sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter. CEO Elon Musk cited “the uncertainty of the COVID lockdowns in China” as a crucial reason for its decision. Musk added the company did not trim its dogecoin holdings.
ECB (Finally) Exits Negative Rates as Bitcoin Digests Tesla Sales
