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Seeking Alpha 2021-04-26 20:46:09

Tesla sold nearly $300M of bitcoin in Q1

The slide deck from Tesla's just-released Q1 earnings shows proceeds from sales of digital assets of $272M. The company famously disclosed $1.5B of bitcoin (BTC-USD) purchases in February.The balance sheet shows digital assets of $1.331B as of March 31.The news may have put a modest dent in bitcoin, which has dropped to the current $53.5K from above $54K ahead of the earnings release.Seeking Alpha's coverage of Tesla earnings is here.

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