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International Business Times
International Business Times
Business
Nica Osorio

Elon Musk Holds Ground, Dogecoin and Bitcoin Retain Solid Positions On Tech Tycoon's Holdings

Elon Musk Bitcoin Dogecoin United States Mars SpaceX Tesla Inc. Cryptocurrency

KEY POINTS

  • The quarterly update released in October revealed that Tesla held around 9,720 BTC, making the electric vehicle maker the third-largest Bitcoin holdings among publicly traded companies
  • Musk's latest statement underlining that SpaceX still "has a bunch" of BTC in its portfolio is a first in months following a report claiming that it has written down the value of Bitcoin it owns by a total of $373 million in 2022 and 2021 and has sold the cryptocurrency
  • Dogecoin was trading in the green zone at $0.082102 as of 9:25 a.m. ET on Sunday

Elon Musk, the prominent tech magnate behind several successful ventures such as SpaceX and Tesla, disclosed his holdings in Dogecoin (DOGE) and Bitcoin, underscoring his continued support for the cryptocurrency industry, particularly Dogecoin.

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