Post
Topic
Board Speculation
Re: Effect of Tesla bitcoin sale not significant
by
NeuroticFish
on 23/07/2022, 10:03:18 UTC
PS. It was a big surprise for me that Tesla did buy high and sell low. I've been expecting them be smarter.
Why do you think that they made a loss on those 75% BTC that they sold? Afaik they bought Bitcoin before December 2021 when price was around 20k, and they didn't sell yesterday when this news broke but sometime before that so there is a high chance that in the end they profited from this trade.

There were many saying on twitter that Tesla has bought high and sold low... they've convinced me and I didn't go to check the numbers.
So they were not at loss after all?