While there was speculation over the weekend that Tesla may have sold its bitcoins, CEO Elon Musk clarified that the electric car company “did not sell any bitcoins.” Tesla’s technical problems sparked a heated debate in the Bitcoin community on Sunday, after he announced that Tesla has suspended accepting Bitcoin payments due to environmental issues.
Elon Musk confirms that Tesla has not yet sold its Bitcoin
Tesla CEO Elon Musk had a series of heated discussions with bitcoin dealers on Sunday, which led to speculation that Musk’s electric car company may have sold its bitcoins, or plans to do so soon Sell them later. After Musk announced that Tesla had suspended accepting Bitcoin payments due to environmental considerations, the discussion began. At the same time, the price of Bitcoin plummeted.
To put an end to speculation, Musk confirmed earlier on Monday that Tesla did not dump its Bitcoin.he write: “To clarify the speculation, Tesla did not sell any Bitcoin.”
This clarification is consistent with Tesla’s statement when it announced that it had suspended accepting Bitcoin as a means of payment.the company write: “Tesla will not sell any bitcoin. Once mining transitions to more sustainable energy, we intend to use it for trading.” Tesla pointed out that environmental issues are the cause. The company began accepting Bitcoin payments in late March.
Musk’s tweet on Twitter @cryptowhale replied that the speculation that Tesla might sell its Bitcoin began: “When Tesla was found to have dumped the remaining Bitcoin holdings, Bitcoin holders Will be surprised next season. With Elon Musk’s disgusting side, I won’t blame him.” Then Musk Reply: “Indeed.”
According to Tesla’s filing with the U.S. Securities and Exchange Commission (SEC), Tesla purchased $1.5 billion in Bitcoin in the first quarter. As of the end of April, the company’s Bitcoin assets were worth $2.5 billion.
Although Tesla sold some bitcoins, Musk revealed on Twitter: “I didn’t sell any of my bitcoins,” he added: “Tesla sold 10% of its shares, In essence, it is to prove the liquidity of Bitcoin to replace the way of holding cash on the balance sheet.”
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