Elon Musk Denies That Tesla Has Sold Any Bitcoin After Investors Lash Out
https://wccftech.com/elon-musk-denies-that-tesla-has-sold-any-bitcoin-after-investors-lash-out/
Tesla Inc's chief executive officer Mr. Elon Musk clarified on Twitter that his company has not sold any Bitcoins during the current quarter. Musk's statement came after Bitcoin lost billions in market value after a single-word tweet by him that hinted that perhaps his company had sold the remaining of its Bitcoin holdings. Tesla currently has $1.2 billion of Bitcoin in its portfolio, after it bought $1.5 billion last year and offloaded some of it during the first quarter of this year. The executive's latest Tweet immediately caused the value of Bitcoin to recoup some of its losses, with the cryptocurrency now trading at $44,086 at 11:21 EDT.
The original Tweet came in response to a post by Twitter account Mr. Whale speculating that bitcoin owners would be disappointed after they discover that Tesla has unloaded the rest of its Bitcoin portfolio.