Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home4/scienrds/scienceandnerds/wp-includes/functions.php:6114) in /home4/scienrds/scienceandnerds/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":15963,"date":"2023-01-20T22:26:46","date_gmt":"2023-01-20T22:26:46","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/"},"modified":"2023-01-20T22:26:47","modified_gmt":"2023-01-20T22:26:47","slug":"tesla-dumped-75-of-its-bitcoin-holdings","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/","title":{"rendered":"Tesla dumped 75% of its Bitcoin holdings"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/07\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/<\/a><\/br>
\nTesla dumped 75% of its Bitcoin holdings<\/br>
\n2023-01-20 22:26:46<\/br><\/p>\n

\n

Elon Musk<\/a> apparently isn\u2019t trying to hodl Tesla\u2019s bitcoin during a crypto winter<\/a>.<\/p>\n

During the company\u2019s Q2 earnings report<\/a>, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million.<\/p>\n

Tesla said the value of its remaining \u201cdigital assets\u201d is $218 million.<\/p>\n

In February of last year, the company announced it had purchased $1.5 billion worth of the cryptocurrency<\/a> with its balance sheet capital and furthermore that they would soon accept Bitcoin as payment for its vehicles. That announcement sent the crypto markets into a frenzy driving a number of cryptocurrency prices up and cementing Musk as a de facto crypto leader. Later, when he suddenly announced that they were abandoning plans to accept crypto payments, much of that goodwill with the community was reversed.<\/p>\n

The company\u2019s selloff comes after a steep decline in the price of cryptocurrencies<\/a> across the board, including both Bitcoin and Dogecoin<\/a>, which Musk has personally supported in his social media postings and in his position as CEO of Tesla.<\/p>\n

In an earnings call, the company\u2019s executives said the reason for the sale was a desire to maximize cash positions during the uncertainty of China\u2019s COVID lockdowns.<\/p>\n

\u201cWe are certainly open to increasing bitcoin holdings in future. So this should not be taken as some verdict on Bitcoin. It\u2019s just that we were concerned about overall liquidity for the company given COVID shutdowns in China,\u201d Tesla CFO Zachary Kirkhorn said.<\/p>\n

The company\u2019s Q2 earnings report, which beat expectations<\/a> with $2.26 billion in profit, didn\u2019t affect the stock price much at the time of writing in after-hours trading.<\/p>\n

Rebecca Bellan contributed to reporting.<\/em><\/p>\n

Subscribe to TechCrunch\u2019s crypto newsletter \u201cChain Reaction\u201d<\/a> for news, funding updates and hot takes on the wild world of web3 \u2014 and take a listen to our companion podcast!<\/h3>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2022\/07\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/07\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/ Tesla dumped 75% of its Bitcoin holdings 2023-01-20 22:26:46 Elon Musk apparently isn\u2019t trying to hodl Tesla\u2019s bitcoin during a crypto winter. During the company\u2019s Q2 earnings report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million. Tesla said the […]<\/p>\n","protected":false},"author":1,"featured_media":15964,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-15963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nTesla dumped 75% of its Bitcoin holdings - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla dumped 75% of its Bitcoin holdings - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2022\/07\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/ Tesla dumped 75% of its Bitcoin holdings 2023-01-20 22:26:46 Elon Musk apparently isn\u2019t trying to hodl Tesla\u2019s bitcoin during a crypto winter. During the company\u2019s Q2 earnings report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million. Tesla said the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T22:26:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-20T22:26:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"711\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/\",\"url\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/\",\"name\":\"Tesla dumped 75% of its Bitcoin holdings - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1\",\"datePublished\":\"2023-01-20T22:26:46+00:00\",\"dateModified\":\"2023-01-20T22:26:47+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1\",\"width\":711,\"height\":399},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tesla dumped 75% of its Bitcoin holdings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tesla dumped 75% of its Bitcoin holdings - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/","og_locale":"en_US","og_type":"article","og_title":"Tesla dumped 75% of its Bitcoin holdings - Science and Nerds","og_description":"Source:https:\/\/techcrunch.com\/2022\/07\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/ Tesla dumped 75% of its Bitcoin holdings 2023-01-20 22:26:46 Elon Musk apparently isn\u2019t trying to hodl Tesla\u2019s bitcoin during a crypto winter. During the company\u2019s Q2 earnings report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million. Tesla said the […]","og_url":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/","og_site_name":"Science and Nerds","article_published_time":"2023-01-20T22:26:46+00:00","article_modified_time":"2023-01-20T22:26:47+00:00","og_image":[{"width":711,"height":399,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/","url":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/","name":"Tesla dumped 75% of its Bitcoin holdings - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1","datePublished":"2023-01-20T22:26:46+00:00","dateModified":"2023-01-20T22:26:47+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1","width":711,"height":399},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2023\/01\/20\/tesla-dumped-75-of-its-bitcoin-holdings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"Tesla dumped 75% of its Bitcoin holdings"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2023\/01\/tesla-dumped-75-of-its-bitcoin-holdings_63cb152752719.jpeg?fit=711%2C399&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/15963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=15963"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/15963\/revisions"}],"predecessor-version":[{"id":15965,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/15963\/revisions\/15965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/15964"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=15963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=15963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=15963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}