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Does Elon Musk own bitcoin?

Musk, the chief executive of Tesla Inc., reiterated his backing of Bitcoin, saying he owns the token along with Dogecoin and Ethereum. He also said Space Exploration Tecnologies Corp. also owns Bitcoin, like Musk’s electric-car company. The token bounced back after sliding below $30,000 earlier in the week, its first foray there since June.

Why did Tesla stop accepting bitcoin?

Tesla in February 2021 reported it had purchased $1.5 billion worth of Bitcoin to diversify its balance sheet away from cash and maximize returns. Then in May, Tesla chief Elon Musk decided Tesla would stop accepting Bitcoin for Tesla purchases just two months after it started accepting it.

Did tesla'verdict' on Bitcoin?

Tesla offloads the bulk of its Bitcoin holdings but chief Elon Musk says the decision was not a "verdict" on the digital currency. Tesla has revealed it offloaded approximately 75% of its Bitcoin between April 1 and the end of June.

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