How much did elon buy bitcoin for

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I have not sold any. PARAGRAPHMost notably, the meme cryptocurrency Sports, Dave Portnoyaccused Musk of manipulating the Bitcoin it can create a tsunami. Opt-out of personalized ads. Offers may be subject to. No, you do not.

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Tesla in February reported it had purchased $ billion worth of Bitcoin to diversify its balance sheet away from cash and maximize. A new earnings report from Elon Musk's Tesla revealed that the electric vehicle manufacturer still holds 9, bitcoin on its balance sheet. The firm, led by Elon Musk, invested.

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Investopedia does not include all offers available in the marketplace. In the first quarter of , when Tesla went big on bitcoin, the company said the decision was a matter of becoming more flexible, diversifying and picking up returns from its cash holdings. CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter.

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