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Elon Musk Sells His Last Remaining House but Keeps His Bitcoin Holdings

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Mon, 06/14/2021 - 09:32
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Yuri Molchan
Tesla CEO has decided to sell the last house in his possession but he still holds Bitcoin and DOGE
Elon Musk Sells His Last Remaining House but Keeps His Bitcoin Holdings
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Head of Tesla and SpaceX, centibillionaire Elon Musk has taken to Twitter to say that he is now selling his last remaining house.

Last year in May, he tweeted that he had sold all his houses except for one. However, he did not sell his Bitcoin.

The world’s richest man sells his last house

On June 9, Musk again tweeted that he had got rid of all his houses, apart from the one in Bay Area that had been rented out for events.

Today, he shared that he is going to sell that one as well, even though it is a special place for him. The house needs to go to a large family who will live there, he pointed out.

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Image via Twitter

Elon Musk reveals his first ever Bitcoin holdings

Back in May 2015, when the author of the best-selling Harry Potter book series, J.K. Rowling, started taking interest in Bitcoin and asking the community to help her understand it, Musk was one of those who tried to explain it to the writer.

At that time, he revealed that he owned 0.25 BTC he had received as a gift. An anonymous user mentioned Musk selling his houses but keeping his BTC.

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Image via Twitter

Since then, things have changed. This year, Tesla began accepting Bitcoin payments for e-cars and then backed off from this decision due to controversial CO2 emissions issues.

Tesla had also exposed itself to Bitcoin, buying a whopping $1.5 billion worth of it and then seeing its profits skyrocket. Later on, the company sold 10 percent of its BTC holdings.

However, Elon Musk is now strongly believed to be a Bitcoin holder (owning much more than the 0.25 BTC) and also an owner of Dogecoin.

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Musk reveals when Tesla will resume accepting Bitcoin payments

When it comes to Bitcoin, he always speaks for Tesla, but the community reckons that he has personal Bitcoin holdings as well.

On Sunday, June 13, Musk tweeted that Tesla would resume accepting Bitcoin as soon as the amount of renewable energy used by the global BTC mining community rises to at least 50 percent of the energy absorbed by their rigs.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.