Tesla’s Q2 2022 earnings reports released Tuesday show that almost all of its Bitcoin has been converted into fiat currency. The company received an additional $936million in cash from the sale.
According to the report, Tesla converted approximately 75% [its] Bitcoin purchases to fiat currency in Q2 2022. This is the fifth consecutive quarter that this figure has exceeded 50%.
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.