Elon Musk has confirmed at The B Word panel that not only he or Tesla, but also SpaceX owns the largest cryptocurrency by market capitalization. Musk noted that in general he is a supporter of bitcoin (EXANTE: Bitcoin).
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
"I own #Bitcoin
— Documenting Bitcoin 📄 (@DocumentingBTC) July 21, 2021
Tesla owns #Bitcoin
SpaceX owns #Bitcoin"
— @ElonMusk pic.twitter.com/DnfL5WUNcU
However, the Tesla CEO emphasized that the cryptocurrency market should watch out using a bit too much energy and not "necessarily good for the environment." It remains unclear how much SpaceX hodls in bitcoin. Musk also added that besides bitcoin, he is also hodling ether (ETH) and dogecoin (DOGE). Nonetheless, he clarified that he owns much more bitcoin than other altcoins.
Earlier in April, Tesla sold part of its bitcoins for $272 million, giving it a profit of $101 million. Later, Musk said that the Palo Alto-based company sold the cryptocurrency in order to prove its liquidity as an alternative to holding cash on the balance sheet. As of press time, Tesla is still hodling bitcoin on its balance sheet.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange