Tesla owns Dogecoin even though it had sold 75% of its Bitcoin holdings

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Despite the fact that Tesla announced that it had sold 75% of its Bitcoin holdings in Q2, CEO Elon Musk revealed during a quarterly investor call that the company also held Dogecoin and had not sold any of those holdings.

“We haven’t sold any of our Dogecoin; we still have it,” Musk stated during the conference call. Musk has previously stated that he personally owns Dogecoin, but he has not stated that Tesla does, despite the fact that the electric car company has been accepting Doge payments for some merchandise on their website. It’s unclear whether the company has simply kept the tokens used for merchandising or has made specific purchases of the dog-themed “joke” cryptocurrency that Musk has repeatedly backed on Twitter.

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Tesla owns Dogecoin even though it had sold 75% of its Bitcoin holdings

Despite the fact that Tesla announced that it had sold 75% of its Bitcoin holdings in Q2, CEO Elon Musk revealed during a quarterly investor call that the company also held Dogecoin and had not sold any of those holdings.

“We haven’t sold any of our Dogecoin; we still have it,” Musk stated during the conference call. Musk has previously stated that he personally owns Dogecoin, but he has not stated that Tesla does, despite the fact that the electric car company has been accepting Doge payments for some merchandise on their website. It’s unclear whether the company has simply kept the tokens used for merchandising or has made specific purchases of the dog-themed “joke” cryptocurrency that Musk has repeatedly backed on Twitter.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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