Tesla, a major electric automobile company, has been invested in Bitcoin for over 1 year after investing the digital currency.
The company had reported that it sold 75% of their Bitcoin assets, turning it into a fiat currency adding $936 million to its cash balance sheet in the second quarter. The company had purchased the asset over a year ago for around $1.5 billion when it was trading above $28,000. Recently, the currency fell below $17,750, creating massive opportunity and loss for investors.