You can call that bullish: The US carmaker Tesla is selling 75 percent of its Bitcoin reserves and the price still falls only slightly. Yesterday, Wednesday, July 20, Tesla published its figures for the second quarter of this year. Among other things, it talks about converting bitcoin stocks into fiat money. According to this, the company led by Elon Musk is said to have sold BTC worth 936 million US dollars.
Overall, however, the company is presenting strong quarterly figures. With a 98 percent increase, Tesla was able to almost double its profit compared to the previous year.
With the sale of the BTC reserves, Tesla is likely to have contributed to the general negative trend. The fact that digital gold only fell 2.4 percent in the wake of the news can be seen as a bullish sign.