Elon Musk wrote on Twitterthat he has not sold any of his personal Bitcoins so far. His tweet came in response to accusations by comedian Dave Portnoy that Tesla CEO was profiting from pumping the BTC price.
Elon Musk: I haven’t sold a single BTC
Rejecting Portnoy’s claim of manipulating the market, Musk stated that “Tesla sold 10% of its shares [w BTC] essentially to prove Bitcoin’s liquidity as an alternative to keeping cash on your balance sheet. “
I haven’t sold any of my Bitcoins
Well, you don’t. I have not sold any of my Bitcoin. Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.
– Elon Musk (@elonmusk) April 26, 2021
As previously reported by the media, Tesla Inc. sold some of its Bitcoins, generating its net income of $ 272 million.
In addition, in February this year, the company’s activities were a catalyst for a boom in the cryptocurrency market. BTC began to rise after the company revealed that it had made its strategic purchase of a major cryptocurrency worth as much as $ 1.5 billion.
Tesla is opening up to crypto-payments
Tesla also announced shortly thereafter that it would start accepting BTC payments for its cars, stressing that it would keep the funds in Bitcoin instead of converting them to cash.
In turn, Elon Musk himself has usually avoided and avoided disclosing how many Bitcoins he has personally, and his last tweet only suggests that he will be reluctant to sell them.
Musk, however, is a huge fan of Dogecoin – a cryptocurrency-meme. He wrote about DOGE more than once, which pumped up its price.
The head of Tesla also tried to enter the NFT market. He wanted to sell a visual with a song. Ultimately, however, it withdrew from sale. His partner and the famous singer act differently. Grimes, because we are talking about it, also sold her graphics in the form of NFT.
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