🕷️ Crawler Inspector

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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 139 (from laksa126)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa139.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical, ml_categories_json AS ml_categories_json, ml_types_json AS ml_types_json, ml_intent_types_json AS ml_intent_types_json, meta_language AS meta_language, attrs_author AS attrs_author, ifNull(toUnixTimestamp(attrs_publish_time), 0) AS attrs_publish_time, ifNull(toUnixTimestamp(attrs_original_publish_time), 0) AS attrs_original_publish_time, ifNull(attrs_is_republished, 0) AS attrs_is_republished, ifNull(attrs_nr_words, 0) AS attrs_nr_words, ifNull(attrs_boilerpipe_nr_words, 0) AS attrs_boilerpipe_nr_words, ifNull(body_ext_links_number, 0) AS body_ext_links_number, ifNull(body_int_links_number, 0) AS body_int_links_number, ifNull(meta_nofollow, 0) AS meta_nofollow, ifNull(meta_noarchive, 0) AS meta_noarchive, ifNull(props_was_rendered, 0) AS props_was_rendered, ifNull(src_redirect, \'\') AS src_redirect, ifNull(download_time_msec, 0) AS download_time_msec, ifNull(download_ttfb_msec, 0) AS download_ttfb_msec, ifNull(download_size, 0) AS download_size FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://theweek.com/business/957427/why-tesla-has-sold-off-its-bitcoin-holdings\')), getAhrefsUnparsedNoserviceFromURL(\'https://theweek.com/business/957427/why-tesla-has-sold-off-its-bitcoin-holdings\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/theweek.com\/business\/957427\/why-tesla-has-sold-off-its-bitcoin-holdings","crawl_time":1776785028,"first_indexed_time":1694603707,"http_code":200,"src_unparsed":"com,theweek!\/business\/957427\/why-tesla-has-sold-off-its-bitcoin-holdings s443","src_root_hash":"5471547289642633339","history_drop_reason":null,"meta_title":"Why Tesla has sold off its bitcoin holdings | The Week UK","meta_descriptions":["Elon Musk says need for cash is driving force but move signals more bad news for cryptocurrency"],"attrs_boilerpipe_text":"Tesla has sold off most of its\nbitcoin\nholdings, sparking another crisis in the\ncryptocurrency\nmarket.\nNow Tesla’s boss,\nElon Musk\n, who has been one of the cryptocurrency’s strongest advocates, has said that the company sold off 75% of its bitcoin holdings in the last quarter, freeing up $936m (£783m) to shore up its cash reserves.\nArticle continues below\nSavour the important news.\nGet unlimited access online, in app, or in print.\nStart your free trial\nSign up for The Week's Free Newsletters\nFrom our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox.\nFrom our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox.\nLatest Videos From The Week UK\nCurrently involved in a lawsuit over his decision to\npull out of a deal to buy Twitter\n, “the mercurial tech billionaire has offered excuses”, said\nMarkets Insider\n, “but it seems likely that plunging asset prices and a bleak economic backdrop played a role in both decisions”.\nTesla announced yesterday that its second-quarter profits fell by nearly a third from the first quarter due to Covid shutdowns in China, which accounts for about 40% of its global sales.\nTesla’s problems are mostly short term, and profits should improve in months to come, Laura Hoy, an equity analyst at the investment firm Hargreaves Lansdown, said in an email to\nThe New York Times\n. “But she expressed concern about Tesla’s exposure to Bitcoin,” said the paper.\n“The Bitcoin losses point out an important part of the Tesla investment case – its eccentric owner,” Hoy said. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.”\nA free daily email with the biggest news stories of the day – and the best features from TheWeek.com\nBBC\ntechnology reporter James Clayton said: “The move is yet more bad news for Bitcoin and crypto more generally.”\nBarron’s\nsaid the crypto market cap “topped out near $3 trillion in November 2021 – when Bitcoin was almost three times more valuable than it is now – and bottomed near $800 billion in the\ndepths of a sell-off\nthat reached its most severe point last month”.\nLast year Tesla stopped accepting bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive bitcoin mining. And while Musk said the move to drop most of Tesla’s bitcoin was not a reflection of the currency but rather about the need for cash, his description of crypto as a “side show to the side show” is “not exactly a ringing endorsement”, said Clayton.","attrs_markdown":"![](https:\/\/sb.scorecardresearch.com\/p\/?c1=2&c2=10055482&cv=4.4.0&cj=1)\n\n[![The Week](https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/qsgislpohy1687441729.svg) The Week](https:\/\/theweek.com\/uk)\n\nUK Edition\n\n![flag of UK](https:\/\/vanilla.futurecdn.net\/theweek\/media\/shared\/img\/flags\/nosize\/GB.svg)\n\n[![flag of US](https:\/\/vanilla.futurecdn.net\/theweek\/media\/shared\/img\/flags\/nosize\/US.svg) US](https:\/\/theweek.com\/business\/957427\/why-tesla-has-sold-off-its-bitcoin-holdings)\n\n[![flag of UK](https:\/\/vanilla.futurecdn.net\/theweek\/media\/shared\/img\/flags\/nosize\/GB.svg) UK](https:\/\/theweek.com\/business\/957427\/why-tesla-has-sold-off-its-bitcoin-holdings)\n\n[![https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/jzblygzdxr1769609154.gif](https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/jzblygzdxr1769609154.gif) SUBSCRIBE Try 6 weeks free](https:\/\/theweek.com\/subscription\/brandsite?channel=Brandsite&utm_source=theweek.com&utm_medium=referral&utm_campaign=brandsite&utm_content=uk-header-block)\n\n×\n\nSign in\n\n- View Profile\n- Sign out\n\n- [The Explainer](https:\/\/theweek.com\/uk\/the-explainer)\n- [Talking Points](https:\/\/theweek.com\/uk\/talking-point)\n- [The Week Recommends](https:\/\/theweek.com\/uk\/the-week-recommends)\n- [Podcasts](https:\/\/theweek.com\/uk\/podcasts)\n- [Newsletters](https:\/\/theweek.com\/uk-newsletters)\n- [From the Magazine](https:\/\/theweek.com\/uk\/tag\/from-the-magazine)\n- More\n  - [The Week Junior](https:\/\/theweek.com\/uk\/junior)\n  - [Politics](https:\/\/theweek.com\/uk\/politics)\n  - [World News](https:\/\/theweek.com\/uk\/tag\/world-news)\n  - [Business](https:\/\/theweek.com\/uk\/business)\n  - [Health](https:\/\/theweek.com\/uk\/health)\n  - [Science](https:\/\/theweek.com\/uk\/science)\n  - [Food & Drink](https:\/\/theweek.com\/uk\/culture-life\/food-drink)\n  - [Travel](https:\/\/theweek.com\/uk\/culture-life\/travel)\n  - [Culture](https:\/\/theweek.com\/uk\/culture-life)\n  - [History](https:\/\/theweek.com\/uk\/history)\n  - [Personal Finance](https:\/\/theweek.com\/uk\/personal-finance)\n  - [Puzzles](https:\/\/theweek.com\/uk\/puzzles)\n  - [Photos](https:\/\/theweek.com\/uk\/photos)\n  - [The Blend](https:\/\/theblendjournal.com\/)\n  - [All Categories](https:\/\/theweek.com\/digest\/round-up\/all-categories)\n\n[Newsletter sign up Newsletter](https:\/\/theweek.com\/uk-newsletters)\n\nDon't miss these\n\n[![LIV Golf Branding at the course in Mexico](https:\/\/cdn.mos.cms.futurecdn.net\/x9RQCTVvysBQ4QTTpd7CJd.jpg) Golf LIV Golf: on course for collapse?](https:\/\/theweek.com\/sports\/golf\/liv-golf-saudi-arabia \"LIV Golf: on course for collapse?\")\n\n[![Photo collage of Donald Trump miming shooting a rifle with dollar bills raining behind him](https:\/\/cdn.mos.cms.futurecdn.net\/5kSDDVwuYp9BmoBiBVJJAV.jpg) World News Why is Trump turning to economic warfare in Iran?](https:\/\/theweek.com\/world-news\/trump-economic-warfare-bessent-iran \"Why is Trump turning to economic warfare in Iran?\")\n\n[![A maintenance man uses a ladder and harnesses to install equipment around a solar panel array on the roof of a house](https:\/\/cdn.mos.cms.futurecdn.net\/cLhPS8qHjBfQiNgkGBnGEj.jpg) Personal Finance Can solar panels save you money?](https:\/\/theweek.com\/personal-finance\/can-solar-panels-save-you-money \"Can solar panels save you money?\")\n\n[![Sign on facade at shoe company Allbirds, Walnut Creek, California, August 25, 2025. ](https:\/\/cdn.mos.cms.futurecdn.net\/G8eBXvcAEfFiJK6pSHjZx3.jpg) Tech Can Allbirds’ pivot from shoes to AI really work?](https:\/\/theweek.com\/tech\/can-allbirds-pivot-from-shoes-to-ai-really-work \"Can Allbirds’ pivot from shoes to AI really work?\")\n\n[![Photo collage of Elon Musk, Bill Gates, and Mark Zuckerberg](https:\/\/cdn.mos.cms.futurecdn.net\/sRJuYN8DcGqKov6bXCVxrd.jpg) Politics Republicans vs. Democrats: who do the billionaires back?](https:\/\/theweek.com\/politics\/us-election-who-the-billionaires-are-backing \"Republicans vs. Democrats: who do the billionaires back?\")\n\n[![Strait of Hormuz](https:\/\/cdn.mos.cms.futurecdn.net\/zuCwc3Cy52YKjEAiW3ci4V.jpg) Economy Trump’s naval blockade: how it will work](https:\/\/theweek.com\/business\/economy\/trump-naval-blockade-strait-of-hormuz \"Trump’s naval blockade: how it will work\")\n\n[![A SpaceX Falcon 9 rocket is displayed at a SpaceX facility on April 2, 2026 in Hawthorne, California.](https:\/\/cdn.mos.cms.futurecdn.net\/46cNMWQGrkkCZkyCoCVUrT.jpg) Wall Street SpaceX could be the biggest IPO in history. 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[Economy](https:\/\/theweek.com\/uk\/business\/economy)\n\n[speed read](https:\/\/theweek.com\/uk\/speed-read)\n# Why Tesla has sold off its bitcoin holdings\nElon Musk says need for cash is driving force but move signals more bad news for cryptocurrency\n\nBy [The Week Staff](https:\/\/theweek.com\/uk\/author\/the-week-staff)\n\npublished\n\n21 July 2022\n\n![Tesla bought \\$1.5 billion of bitcoin in 2021](https:\/\/cdn.mos.cms.futurecdn.net\/3u9gVftnLFW9K92MeQ6FnY.jpg)\n\nTesla bought \\$1.5bn of bitcoin in 2021\n\n(Image credit: Artur Widak\/NurPhoto via Getty Images)\n\nShare\n\n- Copy link\n- [Facebook](https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings)\n- [X](https:\/\/twitter.com\/intent\/tweet?text=Why+Tesla+has+sold+off+its+bitcoin+holdings&url=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings)\n- [Linkedin](https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings&title=Why+Tesla+has+sold+off+its+bitcoin+holdings&source=theweek.com)\n- [Whatsapp](whatsapp:\/\/send?text=Why+Tesla+has+sold+off+its+bitcoin+holdings+https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings?fwa)\n- [Pinterest](https:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings&media=https%3A%2F%2Fcdn.mos.cms.futurecdn.net%2F3u9gVftnLFW9K92MeQ6FnY.jpg)\n\nShare this article\n\nJoin the conversation\n\n[Follow us](https:\/\/google.com\/preferences\/source?q=theweek.com)\n\nAdd us as a preferred source on Google\n\nNewsletter\n\nSign up for Today's Best Articles in your inbox\n\nA free daily email with the biggest news stories of the day – and the best features from TheWeek.com\n\n***\nBy signing up, you agree to our [Terms of services](https:\/\/futureplc.com\/terms-conditions\/)  and acknowledge that you have read our [Privacy Notice](https:\/\/futureplc.com\/privacy-policy). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time.\n\nYou are now subscribed\n\nYour newsletter sign-up was successful\n\n***\nAn account already exists for this email address, please log in.\n\nSubscribe to our newsletter\n\nTesla has sold off most of its [bitcoin](https:\/\/theweek.com\/uk\/tag\/bitcoin) holdings, sparking another crisis in the [cryptocurrency](https:\/\/theweek.com\/uk\/tag\/cryptocurrency) market.\n\n#####\n[Cryptocrash: why is the cryptocurrency market down?](https:\/\/theweek.com\/business\/markets\/957058\/cryptocrash-why-is-the-cryptocurrency-market-down) [Elon Musk’s Twitter takeover: trouble for Tesla?](https:\/\/theweek.com\/business\/companies\/956587\/elon-musk-twitter-takeover-trouble-for-tesla)  [What is bitcoin and how can you buy it?](https:\/\/theweek.com\/86952\/bitcoin-explained-what-is-it-how-to-buy-price)\n\nThe electric car firm revealed in February 2021 that it had invested \\$1.5bn in [bitcoin](https:\/\/theweek.com\/86952\/bitcoin-explained-what-is-it-how-to-buy-price), prompting a surge in demand for the currency.\n\nNow Tesla’s boss, [Elon Musk](https:\/\/theweek.com\/uk\/tag\/elon-musk), who has been one of the cryptocurrency’s strongest advocates, has said that the company sold off 75% of its bitcoin holdings in the last quarter, freeing up \\$936m (£783m) to shore up its cash reserves.\n\nArticle continues below\n\nYou may like\n\n- [![Abstract digital human face](https:\/\/cdn.mos.cms.futurecdn.net\/DGGEYYeftbA2eNSamPX6uN.jpg) Satoshi Nakamoto: the mystery behind the creator of Bitcoin](https:\/\/theweek.com\/personal-finance\/satoshi-nakamoto-the-mystery-behind-the-creator-of-bitcoin)\n- [![construction underway at the SpaceX site in Texas. the SpaceX logo is visible, as are a bunch of cranes. ](https:\/\/cdn.mos.cms.futurecdn.net\/42o8FfkywMkAiyb9ZPxJHG.jpg) Elon Musk’s pivot from Mars to the moon](https:\/\/theweek.com\/tech\/elon-musk-mars-moon-jeff-bezos)\n- [![Elon Musk and venture capitalist Shivon Zilis arriving at the wedding of White House Deputy Chief of Staff Dan Scavino](https:\/\/cdn.mos.cms.futurecdn.net\/99oJXpmGT8T4ngpmPdSkEc.jpg) Elon Musk’s starry mega-merger](https:\/\/theweek.com\/business\/elon-musk-spacex-xai-mega-merger)\n\n## Savour the important news.\nGet unlimited access online, in app, or in print.\n\n[Start your free trial](https:\/\/theweek.com\/subscription\/brandsite?channel=Brandsite&utm_source=theweek.com&utm_medium=referral&utm_campaign=brandsite&utm_content=uk-article-page)\n\n![https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/10aiizc0us1769609388.gif](https:\/\/cdn.mos.cms.futurecdn.net\/flexiimages\/10aiizc0us1769609388.gif)\n\n## Sign up for The Week's Free Newsletters\nFrom our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox.\n\nFrom our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox.\n\n[Sign up](https:\/\/theweek.com\/uk-newsletters)\n\nLatest Videos From The Week UK\n\nCurrently involved in a lawsuit over his decision to [pull out of a deal to buy Twitter](https:\/\/theweek.com\/news\/technology\/956547\/the-pros-and-cons-of-elon-musks-twitter-buyout), “the mercurial tech billionaire has offered excuses”, said [Markets Insider](https:\/\/markets.businessinsider.com\/news\/stocks\/elon-musk-tesla-bitcoin-price-sales-twitter-deal-recession-economy-2022-7), “but it seems likely that plunging asset prices and a bleak economic backdrop played a role in both decisions”.\n\nTesla announced yesterday that its second-quarter profits fell by nearly a third from the first quarter due to Covid shutdowns in China, which accounts for about 40% of its global sales.\n\nTesla’s problems are mostly short term, and profits should improve in months to come, Laura Hoy, an equity analyst at the investment firm Hargreaves Lansdown, said in an email to [The New York Times](https:\/\/www.nytimes.com\/2022\/07\/20\/business\/tesla-earnings-elon-musk.html). “But she expressed concern about Tesla’s exposure to Bitcoin,” said the paper.\n\n“The Bitcoin losses point out an important part of the Tesla investment case – its eccentric owner,” Hoy said. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.”\n\nSign up for Today's Best Articles in your inbox\n\nA free daily email with the biggest news stories of the day – and the best features from TheWeek.com\n\nBy signing up, you agree to our [Terms of services](https:\/\/futureplc.com\/terms-conditions\/)  and acknowledge that you have read our [Privacy Notice](https:\/\/futureplc.com\/privacy-policy). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time.\n\n[BBC](https:\/\/www.bbc.co.uk\/news\/business-62246367) technology reporter James Clayton said: “The move is yet more bad news for Bitcoin and crypto more generally.”\n\n[Barron’s](https:\/\/www.barrons.com\/articles\/bitcoin-crypto-tesla-ether-51658404070) said the crypto market cap “topped out near \\$3 trillion in November 2021 – when Bitcoin was almost three times more valuable than it is now – and bottomed near \\$800 billion in the [depths of a sell-off](https:\/\/theweek.com\/business\/markets\/957058\/cryptocrash-why-is-the-cryptocurrency-market-down) that reached its most severe point last month”.\n\nLast year Tesla stopped accepting bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive bitcoin mining. And while Musk said the move to drop most of Tesla’s bitcoin was not a reflection of the currency but rather about the need for cash, his description of crypto as a “side show to the side show” is “not exactly a ringing endorsement”, said Clayton.\n\nExplore More\n\n[Bitcoin](https:\/\/theweek.com\/uk\/tag\/bitcoin)   [Elon Musk](https:\/\/theweek.com\/uk\/tag\/elon-musk)   [Tesla](https:\/\/theweek.com\/uk\/tag\/tesla)\n\n[The Week Staff](https:\/\/theweek.com\/uk\/author\/the-week-staff)\n\nSocial Links Navigation\n\nRead more\n\n[![Abstract digital human face](https:\/\/cdn.mos.cms.futurecdn.net\/DGGEYYeftbA2eNSamPX6uN.jpg) Personal Finance Satoshi Nakamoto: the mystery behind the creator of Bitcoin](https:\/\/theweek.com\/personal-finance\/satoshi-nakamoto-the-mystery-behind-the-creator-of-bitcoin \"Satoshi Nakamoto: the mystery behind the creator of Bitcoin\")\n\n[![construction underway at the SpaceX site in Texas. the SpaceX logo is visible, as are a bunch of cranes. ](https:\/\/cdn.mos.cms.futurecdn.net\/42o8FfkywMkAiyb9ZPxJHG.jpg) Tech Elon Musk’s pivot from Mars to the moon](https:\/\/theweek.com\/tech\/elon-musk-mars-moon-jeff-bezos \"Elon Musk’s pivot from Mars to the moon\")\n\n[![Elon Musk and venture capitalist Shivon Zilis arriving at the wedding of White House Deputy Chief of Staff Dan Scavino](https:\/\/cdn.mos.cms.futurecdn.net\/99oJXpmGT8T4ngpmPdSkEc.jpg) Business Elon Musk’s starry mega-merger](https:\/\/theweek.com\/business\/elon-musk-spacex-xai-mega-merger \"Elon Musk’s starry mega-merger \")\n\n[![Photo composite illustration of losses at the New York stock exchange, Donald Trump and a Greenland protest sign](https:\/\/cdn.mos.cms.futurecdn.net\/e8aFVvATeqRB4EMVrAiyF7.jpg) Economy Did markets’ ‘Sell America’ trade force Trump to TACO on Greenland?](https:\/\/theweek.com\/business\/economy\/markets-sell-america-trade-trump-taco-greenland \"Did markets’ ‘Sell America’ trade force Trump to TACO on Greenland?\")\n\nLatest in Economy\n\n[![Strait of Hormuz](https:\/\/cdn.mos.cms.futurecdn.net\/zuCwc3Cy52YKjEAiW3ci4V.jpg) Economy Trump’s naval blockade: how it will work](https:\/\/theweek.com\/business\/economy\/trump-naval-blockade-strait-of-hormuz \"Trump’s naval blockade: how it will work\")\n\n[![Photo composite illustration of protestors, motorway traffic and a fuel pump](https:\/\/cdn.mos.cms.futurecdn.net\/HkPkwrWbtXmSW7wGqg4VUM.jpg) Economy Are Irish fuel protests a sign of things to come?](https:\/\/theweek.com\/business\/economy\/irish-fuel-protests-europe-uk \"Are Irish fuel protests a sign of things to come?\")\n\n[![Illustration of Donald Trump with crude oil smeared around his mouth, standing in front of an oil field in the Gulf](https:\/\/cdn.mos.cms.futurecdn.net\/ajpDnEJpcaiRMs7ptTZHxA.jpg) Economy Has Trump’s unpredictability broken the oil market?](https:\/\/theweek.com\/business\/economy\/trump-hormuz-oil-market-traders \"Has Trump’s unpredictability broken the oil market?\")\n\n[![Photo collage of a person adjusting temperature on their heater, with overlays of bills and graphs ](https:\/\/cdn.mos.cms.futurecdn.net\/sk8zfDmtB8GMtaaecEPBkP.jpg) Economy Should the government help with energy bills?](https:\/\/theweek.com\/business\/economy\/energy-bills-subsidies-support-ofgem-price-cap-labour \"Should the government help with energy bills?\")\n\nLatest in Speed read\n\n[![Alex Jones responds after defamation lawsuit over Sandy Hook Elementary School shooting](https:\/\/cdn.mos.cms.futurecdn.net\/v5WaRXsQCb5CfinQiHGdxJ.jpg) Media The Onion files new plan to turn Infowars into satire](https:\/\/theweek.com\/media\/the-onion-files-new-plan-infowars \"The Onion files new plan to turn Infowars into satire\")\n\n[![UNITED STATES - SEPTEMBER 16: FBI Director Kash Patel testifies during the Senate Judiciary Committee hearing titled \\&quot;Oversight of the Federal Bureau of Investigation,\\&quot; in Hart building on Tuesday, September 16, 2025. 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[Visit our corporate site](https:\/\/futureplc.com\/).\n\n© Future Publishing Limited Quay House, The Ambury, Bath BA1 1UA. All rights reserved. England and Wales company registration number 2008885.","attrs_readable_markdown":"Tesla has sold off most of its [bitcoin](https:\/\/theweek.com\/uk\/tag\/bitcoin) holdings, sparking another crisis in the [cryptocurrency](https:\/\/theweek.com\/uk\/tag\/cryptocurrency) market.\n\nNow Tesla’s boss, [Elon Musk](https:\/\/theweek.com\/uk\/tag\/elon-musk), who has been one of the cryptocurrency’s strongest advocates, has said that the company sold off 75% of its bitcoin holdings in the last quarter, freeing up \\$936m (£783m) to shore up its cash reserves.\n\nArticle continues below\n\n## Savour the important news.\nGet unlimited access online, in app, or in print.\n\n[Start your free trial](https:\/\/theweek.com\/subscription\/brandsite?channel=Brandsite&utm_source=theweek.com&utm_medium=referral&utm_campaign=brandsite&utm_content=uk-article-page)\n\n## Sign up for The Week's Free Newsletters\nFrom our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox.\n\nFrom our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox.\n\nLatest Videos From The Week UK\n\nCurrently involved in a lawsuit over his decision to [pull out of a deal to buy Twitter](https:\/\/theweek.com\/news\/technology\/956547\/the-pros-and-cons-of-elon-musks-twitter-buyout), “the mercurial tech billionaire has offered excuses”, said [Markets Insider](https:\/\/markets.businessinsider.com\/news\/stocks\/elon-musk-tesla-bitcoin-price-sales-twitter-deal-recession-economy-2022-7), “but it seems likely that plunging asset prices and a bleak economic backdrop played a role in both decisions”.\n\nTesla announced yesterday that its second-quarter profits fell by nearly a third from the first quarter due to Covid shutdowns in China, which accounts for about 40% of its global sales.\n\nTesla’s problems are mostly short term, and profits should improve in months to come, Laura Hoy, an equity analyst at the investment firm Hargreaves Lansdown, said in an email to [The New York Times](https:\/\/www.nytimes.com\/2022\/07\/20\/business\/tesla-earnings-elon-musk.html). “But she expressed concern about Tesla’s exposure to Bitcoin,” said the paper.\n\n“The Bitcoin losses point out an important part of the Tesla investment case – its eccentric owner,” Hoy said. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.”\n\nA free daily email with the biggest news stories of the day – and the best features from TheWeek.com\n\n[BBC](https:\/\/www.bbc.co.uk\/news\/business-62246367) technology reporter James Clayton said: “The move is yet more bad news for Bitcoin and crypto more generally.”\n\n[Barron’s](https:\/\/www.barrons.com\/articles\/bitcoin-crypto-tesla-ether-51658404070) said the crypto market cap “topped out near \\$3 trillion in November 2021 – when Bitcoin was almost three times more valuable than it is now – and bottomed near \\$800 billion in the [depths of a sell-off](https:\/\/theweek.com\/business\/markets\/957058\/cryptocrash-why-is-the-cryptocurrency-market-down) that reached its most severe point last month”.\n\nLast year Tesla stopped accepting bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive bitcoin mining. And while Musk said the move to drop most of Tesla’s bitcoin was not a reflection of the currency but rather about the need for cash, his description of crypto as a “side show to the side show” is “not exactly a ringing endorsement”, said Clayton.","meta_canonical":null,"ml_categories_json":"{\"\/Finance\":987,\"\/Finance\/Investing\":983,\"\/Finance\/Investing\/Commodities_and_Futures_Trading\":414,\"\/News\":135,\"\/News\/Business_News\":132}","ml_types_json":"{\"\/Article\":998,\"\/Article\/News_Update\":985}","ml_intent_types_json":"{\"Informational\":999}","meta_language":"en","attrs_author":null,"attrs_publish_time":1658412610,"attrs_original_publish_time":1658412610,"attrs_is_republished":0,"attrs_nr_words":"1216","attrs_boilerpipe_nr_words":"454","body_ext_links_number":15,"body_int_links_number":65,"meta_nofollow":0,"meta_noarchive":0,"props_was_rendered":1,"src_redirect":"","download_time_msec":5000,"download_ttfb_msec":4921,"download_size":266841}

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Tesla has sold off most of its bitcoin holdings, sparking another crisis in the cryptocurrency market. Now Tesla’s boss, Elon Musk , who has been one of the cryptocurrency’s strongest advocates, has said that the company sold off 75% of its bitcoin holdings in the last quarter, freeing up $936m (£783m) to shore up its cash reserves. Article continues below Savour the important news. Get unlimited access online, in app, or in print. Start your free trial Sign up for The Week's Free Newsletters From our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox. From our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox. Latest Videos From The Week UK Currently involved in a lawsuit over his decision to pull out of a deal to buy Twitter , “the mercurial tech billionaire has offered excuses”, said Markets Insider , “but it seems likely that plunging asset prices and a bleak economic backdrop played a role in both decisions”. Tesla announced yesterday that its second-quarter profits fell by nearly a third from the first quarter due to Covid shutdowns in China, which accounts for about 40% of its global sales. Tesla’s problems are mostly short term, and profits should improve in months to come, Laura Hoy, an equity analyst at the investment firm Hargreaves Lansdown, said in an email to The New York Times . “But she expressed concern about Tesla’s exposure to Bitcoin,” said the paper. “The Bitcoin losses point out an important part of the Tesla investment case – its eccentric owner,” Hoy said. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.” A free daily email with the biggest news stories of the day – and the best features from TheWeek.com BBC technology reporter James Clayton said: “The move is yet more bad news for Bitcoin and crypto more generally.” Barron’s said the crypto market cap “topped out near $3 trillion in November 2021 – when Bitcoin was almost three times more valuable than it is now – and bottomed near $800 billion in the depths of a sell-off that reached its most severe point last month”. Last year Tesla stopped accepting bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive bitcoin mining. And while Musk said the move to drop most of Tesla’s bitcoin was not a reflection of the currency but rather about the need for cash, his description of crypto as a “side show to the side show” is “not exactly a ringing endorsement”, said Clayton.

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[Economy](https://theweek.com/uk/business/economy) [speed read](https://theweek.com/uk/speed-read) # Why Tesla has sold off its bitcoin holdings Elon Musk says need for cash is driving force but move signals more bad news for cryptocurrency By [The Week Staff](https://theweek.com/uk/author/the-week-staff) published 21 July 2022 ![Tesla bought \$1.5 billion of bitcoin in 2021](https://cdn.mos.cms.futurecdn.net/3u9gVftnLFW9K92MeQ6FnY.jpg) Tesla bought \$1.5bn of bitcoin in 2021 (Image credit: Artur Widak/NurPhoto via Getty Images) Share - Copy link - [Facebook](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings) - [X](https://twitter.com/intent/tweet?text=Why+Tesla+has+sold+off+its+bitcoin+holdings&url=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings) - [Linkedin](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings&title=Why+Tesla+has+sold+off+its+bitcoin+holdings&source=theweek.com) - [Whatsapp](whatsapp://send?text=Why+Tesla+has+sold+off+its+bitcoin+holdings+https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings?fwa) - [Pinterest](https://pinterest.com/pin/create/button/?url=https%3A%2F%2Ftheweek.com%2Fbusiness%2F957427%2Fwhy-tesla-has-sold-off-its-bitcoin-holdings&media=https%3A%2F%2Fcdn.mos.cms.futurecdn.net%2F3u9gVftnLFW9K92MeQ6FnY.jpg) Share this article Join the conversation [Follow us](https://google.com/preferences/source?q=theweek.com) Add us as a preferred source on Google Newsletter Sign up for Today's Best Articles in your inbox A free daily email with the biggest news stories of the day – and the best features from TheWeek.com *** By signing up, you agree to our [Terms of services](https://futureplc.com/terms-conditions/) and acknowledge that you have read our [Privacy Notice](https://futureplc.com/privacy-policy). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time. You are now subscribed Your newsletter sign-up was successful *** An account already exists for this email address, please log in. Subscribe to our newsletter Tesla has sold off most of its [bitcoin](https://theweek.com/uk/tag/bitcoin) holdings, sparking another crisis in the [cryptocurrency](https://theweek.com/uk/tag/cryptocurrency) market. ##### [Cryptocrash: why is the cryptocurrency market down?](https://theweek.com/business/markets/957058/cryptocrash-why-is-the-cryptocurrency-market-down) [Elon Musk’s Twitter takeover: trouble for Tesla?](https://theweek.com/business/companies/956587/elon-musk-twitter-takeover-trouble-for-tesla) [What is bitcoin and how can you buy it?](https://theweek.com/86952/bitcoin-explained-what-is-it-how-to-buy-price) The electric car firm revealed in February 2021 that it had invested \$1.5bn in [bitcoin](https://theweek.com/86952/bitcoin-explained-what-is-it-how-to-buy-price), prompting a surge in demand for the currency. Now Tesla’s boss, [Elon Musk](https://theweek.com/uk/tag/elon-musk), who has been one of the cryptocurrency’s strongest advocates, has said that the company sold off 75% of its bitcoin holdings in the last quarter, freeing up \$936m (£783m) to shore up its cash reserves. Article continues below You may like - [![Abstract digital human face](https://cdn.mos.cms.futurecdn.net/DGGEYYeftbA2eNSamPX6uN.jpg) Satoshi Nakamoto: the mystery behind the creator of Bitcoin](https://theweek.com/personal-finance/satoshi-nakamoto-the-mystery-behind-the-creator-of-bitcoin) - [![construction underway at the SpaceX site in Texas. the SpaceX logo is visible, as are a bunch of cranes. ](https://cdn.mos.cms.futurecdn.net/42o8FfkywMkAiyb9ZPxJHG.jpg) Elon Musk’s pivot from Mars to the moon](https://theweek.com/tech/elon-musk-mars-moon-jeff-bezos) - [![Elon Musk and venture capitalist Shivon Zilis arriving at the wedding of White House Deputy Chief of Staff Dan Scavino](https://cdn.mos.cms.futurecdn.net/99oJXpmGT8T4ngpmPdSkEc.jpg) Elon Musk’s starry mega-merger](https://theweek.com/business/elon-musk-spacex-xai-mega-merger) ## Savour the important news. Get unlimited access online, in app, or in print. [Start your free trial](https://theweek.com/subscription/brandsite?channel=Brandsite&utm_source=theweek.com&utm_medium=referral&utm_campaign=brandsite&utm_content=uk-article-page) ![https://cdn.mos.cms.futurecdn.net/flexiimages/10aiizc0us1769609388.gif](https://cdn.mos.cms.futurecdn.net/flexiimages/10aiizc0us1769609388.gif) ## Sign up for The Week's Free Newsletters From our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox. From our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox. [Sign up](https://theweek.com/uk-newsletters) Latest Videos From The Week UK Currently involved in a lawsuit over his decision to [pull out of a deal to buy Twitter](https://theweek.com/news/technology/956547/the-pros-and-cons-of-elon-musks-twitter-buyout), “the mercurial tech billionaire has offered excuses”, said [Markets Insider](https://markets.businessinsider.com/news/stocks/elon-musk-tesla-bitcoin-price-sales-twitter-deal-recession-economy-2022-7), “but it seems likely that plunging asset prices and a bleak economic backdrop played a role in both decisions”. Tesla announced yesterday that its second-quarter profits fell by nearly a third from the first quarter due to Covid shutdowns in China, which accounts for about 40% of its global sales. Tesla’s problems are mostly short term, and profits should improve in months to come, Laura Hoy, an equity analyst at the investment firm Hargreaves Lansdown, said in an email to [The New York Times](https://www.nytimes.com/2022/07/20/business/tesla-earnings-elon-musk.html). “But she expressed concern about Tesla’s exposure to Bitcoin,” said the paper. “The Bitcoin losses point out an important part of the Tesla investment case – its eccentric owner,” Hoy said. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.” Sign up for Today's Best Articles in your inbox A free daily email with the biggest news stories of the day – and the best features from TheWeek.com By signing up, you agree to our [Terms of services](https://futureplc.com/terms-conditions/) and acknowledge that you have read our [Privacy Notice](https://futureplc.com/privacy-policy). You also agree to receive marketing emails from us that may include promotions from our trusted partners and sponsors, which you can unsubscribe from at any time. [BBC](https://www.bbc.co.uk/news/business-62246367) technology reporter James Clayton said: “The move is yet more bad news for Bitcoin and crypto more generally.” [Barron’s](https://www.barrons.com/articles/bitcoin-crypto-tesla-ether-51658404070) said the crypto market cap “topped out near \$3 trillion in November 2021 – when Bitcoin was almost three times more valuable than it is now – and bottomed near \$800 billion in the [depths of a sell-off](https://theweek.com/business/markets/957058/cryptocrash-why-is-the-cryptocurrency-market-down) that reached its most severe point last month”. Last year Tesla stopped accepting bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive bitcoin mining. And while Musk said the move to drop most of Tesla’s bitcoin was not a reflection of the currency but rather about the need for cash, his description of crypto as a “side show to the side show” is “not exactly a ringing endorsement”, said Clayton. 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Readable Markdown

Tesla has sold off most of its [bitcoin](https://theweek.com/uk/tag/bitcoin) holdings, sparking another crisis in the [cryptocurrency](https://theweek.com/uk/tag/cryptocurrency) market. Now Tesla’s boss, [Elon Musk](https://theweek.com/uk/tag/elon-musk), who has been one of the cryptocurrency’s strongest advocates, has said that the company sold off 75% of its bitcoin holdings in the last quarter, freeing up \$936m (£783m) to shore up its cash reserves. Article continues below ## Savour the important news. Get unlimited access online, in app, or in print. [Start your free trial](https://theweek.com/subscription/brandsite?channel=Brandsite&utm_source=theweek.com&utm_medium=referral&utm_campaign=brandsite&utm_content=uk-article-page) ## Sign up for The Week's Free Newsletters From our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox. From our daily WeekDay news briefing to an award-winning Food & Drink email, get the best of The Week delivered directly to your inbox. Latest Videos From The Week UK Currently involved in a lawsuit over his decision to [pull out of a deal to buy Twitter](https://theweek.com/news/technology/956547/the-pros-and-cons-of-elon-musks-twitter-buyout), “the mercurial tech billionaire has offered excuses”, said [Markets Insider](https://markets.businessinsider.com/news/stocks/elon-musk-tesla-bitcoin-price-sales-twitter-deal-recession-economy-2022-7), “but it seems likely that plunging asset prices and a bleak economic backdrop played a role in both decisions”. Tesla announced yesterday that its second-quarter profits fell by nearly a third from the first quarter due to Covid shutdowns in China, which accounts for about 40% of its global sales. Tesla’s problems are mostly short term, and profits should improve in months to come, Laura Hoy, an equity analyst at the investment firm Hargreaves Lansdown, said in an email to [The New York Times](https://www.nytimes.com/2022/07/20/business/tesla-earnings-elon-musk.html). “But she expressed concern about Tesla’s exposure to Bitcoin,” said the paper. “The Bitcoin losses point out an important part of the Tesla investment case – its eccentric owner,” Hoy said. “While Musk’s impressive innovation has served the company well, his personal flair is starting to raise governance questions.” A free daily email with the biggest news stories of the day – and the best features from TheWeek.com [BBC](https://www.bbc.co.uk/news/business-62246367) technology reporter James Clayton said: “The move is yet more bad news for Bitcoin and crypto more generally.” [Barron’s](https://www.barrons.com/articles/bitcoin-crypto-tesla-ether-51658404070) said the crypto market cap “topped out near \$3 trillion in November 2021 – when Bitcoin was almost three times more valuable than it is now – and bottomed near \$800 billion in the [depths of a sell-off](https://theweek.com/business/markets/957058/cryptocrash-why-is-the-cryptocurrency-market-down) that reached its most severe point last month”. Last year Tesla stopped accepting bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive bitcoin mining. And while Musk said the move to drop most of Tesla’s bitcoin was not a reflection of the currency but rather about the need for cash, his description of crypto as a “side show to the side show” is “not exactly a ringing endorsement”, said Clayton.

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