The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Tesla sells off majority of bitcoin, blaming COVID-19 lockdowns in China | Newshub

July 21, 2022
Source: newshub.co.nz newshub.co.nz
News Snapshot:
Elon Musk's electric vehicle company Tesla has revealed it has sold 75 percent of its bitcoin holdings amid a downturn in the cryptocurrency market. In the company's Q2 2022 financial report it was revealed that US$936 million in cash had been added to its balance sheet following the sale of the majority of its cryptocurrency. It follows the company's US$1.5 billion investment in bitcoin last year, during which it briefly accepted the cryptocurrency for payment for cars, but then changed its mind. Musk, the controversial billionaire who is being sued by Twitter to force him to complete his US$44 billion...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: bitcoin | blockchain | bonus | cash | China | Covid-19 | crypto | cryptocurrency | currency | digital | Dogecoin | electric vehicle | Elon Musk | finance | financial | financial report | fintech | innovation | investment | IT | online | revenue | social media | Tesla | Twitter

Other News:

AI wars: The empire strikes back

July 25, 2026
hindustantimes.com hindustantimes.com

Trump caught between Apple and Micron in fight over Chinese chips

July 25, 2026
hindustantimes.com hindustantimes.com

Famous Chinese proverb of the day: "Learning is just like sailing against the current; if you don’t advance, you will be…" — Inspiring life lessons on perseverance, self-growth, resilience, wisdom,

July 25, 2026
economictimes.indiatimes.com economictimes.indiatimes.com

What is a supernode, and why does it matter for the China-US tech rivalry?

July 25, 2026
scmp.com scmp.com

Nike resets struggling China business

July 25, 2026
oregonlive.com oregonlive.com

Anita Chabria: AI companies are creating ‘all-powerful psychopaths.’ Maybe not a great idea?

July 25, 2026
courant.com courant.com

Conniving AI is starting to slip human control. We should all be worried

July 25, 2026
inews.co.uk inews.co.uk

Lefty non-profit backed protest group targeting new Pennsylvania data center from $4B company

July 25, 2026
nypost.com nypost.com

Micron CEO Sanjay Mehrotra's Bad Blood With Apple Traces Back Years, Report Reveals Amid Chip Standoff & Efforts To Procure From China's CXMT

July 25, 2026
wccftech.com wccftech.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.