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Elon Musk

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/elon-musk-shows-interest-in-bitcoin-and-teslas-actions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Elon Musk Shows Interest in Bitcoin and Tesla’s Actions</a> 
Elon Musk was highly interested in <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-price-surge-to-57000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> in 2021 and even sold <a href="https://newslinker.co/is-electric-car-the-future/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">Tesla</a> cars using BTC. However, by mid-year, he criticized miners for environmental damage and took an opposing stance. Subsequently, China’s mining bans began, and BTC hit a low in July.
<h2 style="text-align: justify" id="did-tesla-sell-bitcoin">Did Tesla Sell Bitcoin?</h2>
In every earnings report, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> wonder what Elon Musk’s company did with its BTC. Did they buy new BTC? Or did they sell their holdings? According to the earnings report released on July 23, Elon Musk’s company neither bought nor sold any BTC. Approximately $756 million worth of BTC remains.
<img fetchpriority="high" decoding="async" class="size-full wp-image-373275 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/tesla-btc-satti-mi.png" alt="" width="1917" height="912">
In previous reports, Elon Musk accelerated declines by selling during tough market days. However, it’s nice to see no sales from Tesla this quarter. Although Elon no longer cares much about cryptocurrencies, BlackRock‘s BTC ETF holds over $22 billion in BTC. The total reserve of all ETFs is over $50 billion, and institutional investors continue to show interest in cryptocurrencies, led by BTC.
Moreover, today ETH ETFs were also listed, surpassing the $1 billion volume threshold. Experts expect to see over $100 million in inflows when the final data comes in a few hours.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/elon-musk-shows-interest-in-bitcoin-and-teslas-actions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Elon Musk Shows Interest in Bitcoin and Tesla’s Actions</a></h5>

Elon Musk Shows Interest in Bitcoin and Tesla’s Actions

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