Earlier today, the billionaire polled his millions of followers on whether he should sell 10% shares of his electric car company, Tesla.
At press time, 56.7% of the pollers had voted in favor of the sale, while 43.3% did not support the idea.
Additionally, with around $1.5 billion in BTC on Tesla’s balance sheets and undisclosed personal holdings, Bitcoin is already one of Musk’s biggest investments, argued Paffrath.
If the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a #Bitcoin Standard and purchasing $25 billion in $BTC.
While MicroStrategy had a successful third quarter owing to its BTC holdings, payments giant Square registered a fall in the growth of its Bitcoin revenue due to price volatility.
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