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Musk Says Tesla Sold Bitcoin to Prove Liquidity as Cash Alternative

  • Tesla CEO says firm trying to show Bitcoin as cash alternative
  • Billionaire adds he hasn’t sold his personal Bitcoin holdings
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Tesla Sells $101 Million of Bitcoin to Prove Token’s Liquidity
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Elon Musk said Tesla Inc. sold 10% of its Bitcoin holdings to demonstrate the token’s liquidity, while adding that he’s retained his personal investment in the cryptocurrency.