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Elon Musk asks about converting "large transactions" of Tesla to bitcoin

Elon Musk asked about the possibility of converting "large transactions" of Tesla's balance sheet into bitcoin, according to a Twitter exchange between him and an advocate for the digital currency

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Elon Musk | Bitcoin | Tesla Inc

Reuters 

By Suzanne Barlyn (Reuters) - Elon Musk on Sunday asked about the possibility of converting "large transactions" of Tesla Inc's balance sheet into bitcoin, according to a Twitter exchange between Musk and a well-known advocate for the digital currency. Michael Saylor, chief executive officer of MicroStrategy Inc, in a tweet to Musk, suggested that the billionaire Tesla founder and head, make the move. "If you want to do your shareholders a $100 billion favor, convert the $TSLA balance sheet from USD to #BTC," Saylor wrote in his tweet. "Other firms ...

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First Published: Mon, December 21 2020. 07:21 IST
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