Elon Musk’s Tesla Retains $218 Million BTC Holdings for 2022 Third Quarter

 

Elon Musk and Tesla are the perfect subjects for crypto enthusiasts. The CEO is known for his eccentric behavior and ideas, while his company has now been operating smoothly for more than 20 years on the penny stock market.

This way, Tesla and its CEO have become known as one of the most bizarre publicly listed companies in history. However, do not be fooled by first impressions — both Elon Musk and Tesla have silently invested in cryptocurrency.

Both of them even own a significant amount of Bitcoin (estimated around $100 million). But how can you trust their intentions? Are they just waiting to sell their holdings at an opportune moment?

Or do they believe that blockchain and digital assets will play a major role in their future operations? In this article, we reveal the truth about Elon Musk’s love for cryptocurrency and why he prefers to keep his bitcoin holdings as private as possible.

What is Elon Musk’s problem with cryptocurrency? If you’ve ever read Elon Musk’s tweets about cryptocurrency, you might notice that he’s not a big fan of Bitcoin or any other digital asset.

One of the most famous examples happened back in December 2017, when the price of BTC was approaching $20,000. Elon Musk tweeted that “Wanna buy some Bitcoin?” and “I don’t know either.”

It turned out that a cryptocurrency scambot used Musk’s image and identity to promote its scammy services.

And the Tesla and SpaceX CEO wasn’t too happy about it.

He later tweeted that “I wanna know who is running the Etherium scambots!” and “Crazy times.

” However, Musk’s anti-cryptocurrency sentiment might have more to do with the fact that he doesn’t own any. Elon Musk really doesn’t own any cryptocurrency.

How much Bitcoin does Tesla own? If you search for details about the exact amount of bitcoin that Tesla and Elon Musk own, you won’t find any solid information.

This is mainly because Musk and his company are keeping their BTC holdings extremely private.

What we do know is that Tesla has owned at least $218 million worth of BTC since July 22nd, 2022.

The company made this purchase as part of a $82 million financing round for SolarCity. So, Musk’s other major company also owns a decent amount of crypto.

But does that mean that Tesla is planning to use blockchain or crypto in future operations? Details are quite vague. However, Musk has expressed his interest in using blockchain in the past.

all, he’s already been scammed once by a crypto scambot impersonating him.

Additionally, Musk has a reputation for taking huge risks in business. So, it wouldn’t be too far-fetched to imagine that he’s planning to take a wild gamble with his crypto holdings.

But that probably isn’t the case. Instead, Musk is most likely keeping his crypto holdings private so that he can sell them at the right time. Just like any other investor,

Musk might be waiting for the right moment to sell his BTC holdings at a profit. If that is indeed the case, Musk might be waiting for thoe righlt moment to “cash out” on his bitcoin.

It’s important to note that Musk has often stated that he doesn’t plan to hold onto his BTC for very long. ## Conclusion Elon Musk and Tesla are the perfect subjects for crypto enthusiasts.

The CEO is known for his eccentric behavior and ideas, while his company has now been operating smoothly for more than 20 years on the penny stock market. This way,

Tesla and its CEO have become known as one of the most bizarre publicly listed companies in history. However, do not be fooled by first impressions — both Elon Musk and Tesla have silently invested in cryptocurrency.

Both of them even own a significant amount of Bitcoin (estimated around $100 million). But how can you trust their intentions? Are they just waiting to sell their holdings at an opportune moment?

Or do they believe that blockchain and digital assets will play a major role in their future operations? In this article, we reveal the truth about Elon Musk’s love for cryptocurrency and why he prefers to keep his bitcoin holdings as private as possible.


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