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 on the S&P 500 would follow your lead & in
time it would grow to become a $1 trillion favor."
"Are such large transactions even possible?" Musk
replied to Saylor.
"Yes. I have purchased over $1.3 billion in #BTC in
past months & would be happy to share my playbook with you
offline....," Saylor tweeted.
Tesla and Musk could not be reached for comment.
"Every CEO faces the challenge of how to preserve &
enhance shareholder value in the face of this year’s unprecedented monetary
expansion," Saylor said in a message to Reuters.
"Bitcoin is the best solution to the store of value
problem faced by every individual, investor, & corporation on earth,"
Saylor said.
Shares of Tesla rose to a record high on Friday in a frantic
day of trading as investors geared up for the electric carmaker's much
anticipated entrance into the benchmark S&P 500 index on Monday.
Bitcoin rose to a high of $24,299.75 on Sunday, after
passing the $20,000 milestone for the first time last week, amid surging
interest from larger investors. Bitcoin was last at $23,60.98 up 2.88%.
.jpeg)
.jpeg)
.jpeg)
0 comments:
Post a Comment