Besides some of Musk’s companies – including Tesla and SpaceX – that hold bitcoin on their balance sheets, it is unclear how much the X (formerly Twitter) owner believes in the token himself. In an interview broadcast on YouTube in July, Musk said that he thinks “there’s some merit in bitcoin, and maybe some other crypto,” but that his soft spot was for dogecoin (DOGE).
Source: https://www.coindesk.com/business/2024/10/15/is-elon-musk-selling-bitcoin-tesla-transfers-all-760m-of-its-btc-to-unknown-wallets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines