Elon Musk and Tesla Maintain Bitcoin Stake

Published by
The Street

By Luc Olinga Through the fourth quarter, the EV leader maintained its Sept. 30 stake in bitcoins — but their value melted. The news will undoubtedly delight cryptocurrency and bitcoin fans. Through the fourth quarter Tesla and Elon Musk kept the bitcoins they’d had left at Sept. 30 on the electric-vehicle leader’s balance sheet. At the beginning of 2021 the group provided a much needed vote of confidence to the young industry powered by blockchain technology, which wants to disrupt the traditional financial system. Musk said in February of that year that Tesla (TSLA) – Get Free Report had in…

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