Electric vehicle maker Tesla (TSLA) sold most of its Bitcoin (BTC) holdings during the last market low, known as a “crypto winter,” losing out on billions of dollars in the process.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The company run by CEO Elon Musk was a trailblazer when it bought $1.5 billion of Bitcoin in 2021. But unfortunately, Tesla sold three-quarters (75%) of its holdings in 2022 as the market for digital assets was tanking and BTC was trading around $16,000.
Bitcoin has since rebounded in a big way, jumping 80% higher in the past year to currently trade at…
