Musk Promises Tesla Will Buy Back Bitcoin in the Future

By Luc Olinga The billionaire also claims that Tesla has not yet sold its Dogecoins. Elon Musk and Tesla (TSLA) – Get Tesla Inc. Report launched a real bombshell in the crypto industry by announcing that they had sold 75% of the Bitcoins held in the balance sheet of the manufacturer of premium electric vehicles. “We have converted approximately 75% of our Bitcoin purchases into fiat currency,” the maker of the Model Y and Model 3 said in a press release on July 20. “Conversions in Q2 added $936M of cash to our balance sheet.” The announcement took the industry by surprise. The billionaire is s…