Institutional Traders Have Mixed Views About Tesla’s Decision to Sell Bitcoin

Institutional Traders Have Mixed Views About Tesla’s Decision to Sell Bitcoin


“The Tesla news is indeed a bearish headline, but not completely unexpected,” Katie Talati, director of research at Arca, told CoinDesk. “According to their filings, Tesla sold their BTC reserves at about $29k over the past quarter as a way to have positive free cash flow. Without this, they would have reported cashflow negative results.”

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