Thank God for the Completion and Good Ending

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  In the journey of life, each chapter presents its unique challenges, obstacles, and rewards. There are moments when we find ourselves overwhelmed, questioning whether we will ever reach the finish line. However, just like the narrative arcs of our favorite stories, there’s something deeply satisfying about a well-executed conclusion—one that feels both rewarding and fulfilling. Whether it's a personal goal, a professional project, or even a cherished movie or book, the feeling of completion is something we all strive for. It brings a sense of peace, knowing that despite the ups and downs, there was a purpose behind every step we took. And when the ending is good, it makes all the struggles worthwhile. The Importance of Completion In a world that moves at such a rapid pace, we often rush through tasks and events, focusing on the next big thing before we’ve even processed the current one. Yet, completing something gives us the chance to reflect. We can look back and appreciate the ...

Elon Musk's Tesla Sells Most Of Its Bitcoin Holdings

 

Elon Musk

Billionaire Elon Musk’s Tesla has sold 75 per cent of its Bitcoins, which was worth about $2bn (£1.7bn) at the end of 2021. Tesla added $936 million in cash to its balance sheet in the second quarter (Q2) this year.

Tesla was in limelight last year when it revealed a major investment in Bitcoin. However, it dealt with an economic meltdown this year amid cryptocurrencies falling off the cliff.

Tesla said in a shareholder letter on Wednesday, “As of the end of Q2, we have converted approximately 75 per cent of our Bitcoin purchases into fiat currency.” In the balance sheet report, Tesla said that it owns net digital assets worth $218 million, which is down from the $1.26 billion in the previous quarter. Tesla’s first investment in Bitcoin was for $1.5 billion last February. The price of Bitcoin dropped about 2% on the news of Tesla’s fire sale.

Tesla’s sale of Bitcoin comes at a time when the cryptocurrency market has plunged to its months-low. Over the past few months, 1 Bitcoin is hovering around $17,000 to $22,000.

No Dogecoin Sold by Tesla

Musk said in the earnings conference call that Tesla did not sell Dogecoin. Tesla has not to date mentioned anything about its Dogecoin holdings, but it began accepting DOGE payments for some merchandise in January this year.

Elon Musk

Elon Musk was in the limelight recently due to the Twitter vs Musk row. Twitter has sued Musk for violating the deal to buy the social media platform. Twitter reportedly requested the Delaware court to order Musk to complete the merger at the agreed price of $54.20 per share. Earlier, Musk made a hostile bid to take over Twitter for a $44 billion deal, $54.20 per share.

Musk's lawyers argued the dispute over false and spam accounts on Twitter was important to Musk to complete the deal. 

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