Tesla CEO Musk announced the sale of ten percent of the bitcoins held by the company to demonstrate their reliability as a means of payment.

According to the company’s report, the sale of more than a billion dollars of bitcoins, which were bought in early 2021, brought Tesla $101 million in revenue.

The billionaire clarified that he did not sell his own bitcoins, and the company, using this operation, checked the liquidity of bitcoins, whether they could become an alternative to keeping funds on the balance sheet.