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Tesla has not sold any Bitcoin

 



Tesla CEO Elon Musk clarified in a tweet early Monday that the electric vehicle maker “has not sold any Bitcoin.”


The price of bitcoin saw a partial recovery, trading at $44,680 as of 2:35 a.m. ET Monday, according to data from Coin Metrics.

The exchange came just days after Musk said the company planned to hold rather than sell the bitcoin it already has and intended to use it for transactions as soon as mining transitions to more sustainable energy. Tesla did not immediately respond to a request for comment.

However, Musk seems to have reversed course in recent weeks in favor of dogcoin the meme-inspired cryptocurrency. Tesla last week also “suspended vehicle purchases using bitcoin,” out of concern over “rapidly increasing use of fossil fuels for bitcoin mining.” The price of bitcoin dropped about 5% in the first minutes after Musk’s announcement.Musk has since been hitting back on Twitter against users who are critical of his cryptocurrency stance. Influential venture investor Fred Wilson, a founding partner of Union Square Ventures, tweeted Friday: “He’s playing games. It is hard to take anyone who does that seriously. I’ve lost enormous respect for him over the last year because of it.

Wilson added, “Deep respect for what he does with his talents. Less for what he does with his tweets.” 

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