Bitcoin Steadies as Musk Says Tesla Hasn’t Sold From Holdings

Bitcoin steadied after Elon Musk said Tesla Inc. hasn’t sold from its holdings of the token, clarifying earlier comments that seemed to imply the electric vehicle maker may sell or has sold its stake.

The largest digital currency was at $44,900 as of 7:21 a.m. in London on Monday, after Musk in a tweet said: “To clarify speculation, Tesla has not sold any Bitcoin.” Earlier, the token slid to $42,185, the lowest since February. It’s about $20,000 off the record set in April.

Tesla Chief Executive Officer Musk spent the past couple of days dueling on Twitter with critics of his move to suspend acceptance of Bitcoin payments on environmental concerns. On Sunday, the mercurial billionaire seemed to agree with a post saying the electric-vehicle maker should divest what at one point was a $1.5 billion Bitcoin stake. The saga added to a souring mood around cryptos in general amid a pullback in other coins like Ether and Dogecoin.



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Editorial credit: Naresh777 /

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