Space Exploration Technologies Corp. has accumulated Bitcoin holdings, Chief Executive Elon Musk revealed in a digital conference.
- Musk for the first time said private space rocket firm SpaceX has bought Bitcoin, but did not elaborate on the amount or when the holdings were accumulated.
- Musk also noted he personally owns Bitcoin, Ethereum, and Dogecoin. He also reiterated that Tesla has Bitcoin holdings, after buying $1.5 billion worth of the digital coin in February.
- The billionaire said he “might pump but I don’t dump,” as he noted that gaining 1% on savings while inflation is at 2% is bearable, but the drop in capital is a different story.
- The popular investor also said he would like to personally see Bitcoin succeed. “We’re not selling any Bitcoin, nor am I selling anything personally.”
The discussion was made in general and not entirely on the decision of SpaceX to invest in the world’s biggest cryptocurrency. Musk made the remark as he was stating his support for the token.
BTC is up 1.26%, ETH is up 3.62%, and DOGE is down 1.57%.
Source: Trust Nodes