CandleFocus Michael Saylor, Elon Musk's Bitcoin 2020 Discussion Flashback: Details
2024-12-19
Author: Content Editor
The resurfaced conversation between Elon Musk and Michael Saylor reveals that Saylor suggested Musk convert Tesla's USD on its balance sheet to Bitcoin, which he believed would benefit Tesla and set a precedent for other S&P 500 companies to follow. Currently, both Tesla and MicroStrategy own a total of 450,000 BTC worth over $45 billion. MicroStrategy has been actively buying Bitcoin and recently purchased another 15,350 BTC, bringing its total holdings to 439,000 BTC. Tesla's strategic bet on Bitcoin has also proven profitable, with the automaker currently holding 11,509 BTC worth $1.18 billion.
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