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Tesla Sold 10% Of BTC Holdings In Q1 To Prove Liquidity

Tesla sold 10% of its BTC holdings in the first quarter of the year to prove liquidity as we can see more in our latest Bitcoin news today. The Elon Musk-led vehicle manufacturer Tesla sold 10% of its BTC holdings after the recent billion-dollar purchase of the number one cryptocurrency in 2021. In the earnings call, Tesla stated that it sold $272 million worth of BTC in the first quarter of 2021. The price of the coin increased since the acquisition with the company’s BTC value growing to $2.72 billion which indicated that the company sold 10% of the holdings.…

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Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment vehicle and in 2020 the trust has obtained a massive amount of BTC. Today, GBTC has $4.7 billion assets under management (AUM), according to data provided by bybt.com. Grayscale’s bitcoin position is also displayed on the company website as well for transparency purposes. Since the Grayscale Bitcoin Trust inception date on September 25, 2013, there are…

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