Tesla plans to buy Bitcoins again, says Elon Musk
During the discussion of the financial report of the electric car manufacturer Tesla, the company's director Elon Musk promised that in the future the company will buy bitcoins.
We certainly intend to increase cryptocurrency reserves, so the sale of bitcoins should not be regarded as some kind of verdict issued to the coin. The fact is that we were concerned about the overall liquidity of the company due to the restrictive measures introduced in China to combat the spread of the coronavirus," Musk said.
Elon noted that in the second quarter of 2022, Tesla converted 75% of bitcoins worth $ 936 million, which were stored in the company's crypto storage, into fiat currency. However, the organization has not only not got rid of any Dogecoin (DOGE), but also plans to increase its reserves of virtual currency based on the meme.
After Tesla announced the sale of bitcoins, the value of the coin fell by almost 5% and reached a local bottom at $22,682 (on the Bitstamp exchange). DOGE has fallen in price by 9% over the same period. But the asset price did not break through the upward trend line that emerged on July 13, and began to adjust in the morning.
Dynamics of the DOGE exchange rate change
https://coin-signal.com/cryptonews/tesla-plans-to-buy-bitcoins-again-says-elon-musk/
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