MicroStrategy founder says he would really like Musk to get some extra Bitcoin
Contents
- Tesla’s story of shopping for and promoting Bitcoin
- Musk’s private Bitcoin stash
Distinguished Bitcoin evangelist Michael Saylor, who earlier tweeted that he’s stepping down as MicroStrategy chief govt, responded to the joking tweet of Elon Musk about his intention to buy the Manchester United soccer group.
We would like that you simply purchase some extra #bitcoin.
— Michael Saylor⚡️ (@saylor) August 17, 2022
Tesla’s story of shopping for and promoting Bitcoin
In February 2021, Musk introduced that Tesla had acquired $1.5 billion value of the flagship digital foreign money and began accepting BTC as fee for its e-cars. Nevertheless, in April, the fee choice was shut down over controversial points about Bitcoin miners and the environmental impression they had been having.
Nonetheless, Tesla held all of that Bitcoin till not too long ago – within the second quarter of 2022, the corporate removed 75% of its BTC, leaving solely $218 million in BTC on its steadiness sheet.
The Bitcoin was offered at roughly $29,000 per unit, whereas the corporate had purchased BTC at $31,620.
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Musk’s private Bitcoin stash
In March this yr, the eccentric billionaire tweeted that he was not promoting his crypto stash, which at that second consisted of Bitcoin, Ethereum and Dogecoin.
It isn’t clear in the mean time whether or not he has saved all of his BTC. Nevertheless, as for Tesla’s stance on Bitcoin, Musk assured the neighborhood that sooner or later the corporate is open to rising its BTC place.
Nonetheless, in his tweets, Elon Musk emphasizes that he prefers Dogecoin over all different crypto, together with Bitcoin. Lately, he tweeted that he “primarily” helps DOGE and retains shopping for extra of it.
