Bitcoin Spikes 6 Percent in Minutes as Elon Musk Confirms That Tesla Still Holds It

Tesla CEO Elon Musk has brought more clarity to the table about Tesla’s Bitcoin holdings

In his latest tweet, Tesla CEO Elon Musk has confirmed that the e-car manufacturer hasn’t sold any Bitcoin as of today.

As reported by U.Today, Musk posted an ambiguous one-word reply on Sunday that many believed could indicate that Tesla had cashed out its holdings (or intended to do so).

The billionaire has soured on Bitcoin after a bitter spat with the community, recently criticizing it as centralized and predicting that meme cryptocurrency Dogecoin could win against it.


Elon Musk Wants to Go “All In” on Dogecoin Because of “Obnoxious” Bitcoin Threads


Tesla stopped accepting Bitcoin for vehicle purchases last week but claimed that it would keep the top cryptocurrency on its balance sheet.

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Earlier today, the cryptocurrency plunged to its lowest level since Feb. 8.

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