did elon musk sell his bitcoin
Elon Musk clarified thathe has not sold any of his own bitcoin, retaining his personal investment. Tesla CEO Musk was responding to a tweet from Dave Portnoy, an American internet celebrity blogger, who claimed that Musk bought the Bitcoin, pumped it, and then dumped it to make a fortune.
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What did Elon Musk say about bitcoin on Twitter?
Tesla CEO Elon Musk took bitcoin for another wild ride overnight. The rollercoaster began when Musk clashed with Twitter users Sunday afternoon who were questioning his recent criticisms of bitcoin. At 1:21 p.m., Musk responded to one such thread, saying, 鈥淥bnoxious threads like this make me want to go all in on Doge.鈥?/div>Elon Musk clarifies Tesla hasn鈥檛 sold bitcoin
Did Tesla sell 10% of its bitcoin holdings?
Elon Musk himself confirmed that Tesla Inc sold 10% of its Bitcoin holdings through a post on Twitter. A report filed with the US Securities and Exchange Commission in February confirms that Tesla had managed to buy around $1.5 billion worth of bitcoin.
Who is Elon Musk and what does he do?
Elon Musk is an engineer, a celebrity entrepreneur, and the founder of SpaceX and Tesla. He is a big fan of emerging tech, especially in artificial intelligence and blockchain.
Will Tesla’s embrace of bitcoin lead to institutional adoption?
Tesla鈥檚 embrace of bitcoin in February was viewed as a major step toward institutional acceptance of the digital currencies. Since then, other major US companies and banks have leaned into the space, helping to drive the value of the market higher, though some investors have criticized the crypto market as a bubble.