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

1 Mins read

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 tweet that many believed could indicate that Tesla cashed out its Bitcoin (or indeed to do so).

Musk has soured on Bitcoin after a bitter spat with the community, criticizing it as centralized.

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

Bitcoin has instantly trimmed some of its recent losses, spiking over 6 percent on Musk’s tweet.

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

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