Tesla offloads 75% of its Bitcoin amid liquidity crisis
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In a massive blow to the crypto world, Elon Musk's Tesla offloaded 75% of its Bitcoin. The company added $936 million of fiat cash to its balance sheet after selling the cryptocurrency. The news sent Bitcoin's price tumbling. After the sale, Tesla's digital assets are valued at $218 million, far less than what it once was. The company still has its Dogecoin intact.