By Samuel Indyk
Investing.com – Tesla CEO Elon Musk took to Twitter again on Monday to try and clarify Tesla’s position in regards to its Bitcoin holdings.
“To clarify speculation, Tesla has not sold any Bitcoin,” Musk said in a tweet.
It Is unclear over what timeframe Musk is talking about. Tesla’s most recent financial results showed Tesla had sold Bitcoin which helped the company turn a profit in the first quarter.
The latest statement comes following a weekend in which Musk has upset many in the cryptocurrency space following recent remarks.
Over the weekend, an unverified social media account called CryptoWhale tweeted to the Tesla CEO saying people holding Bitcoin will “slap themselves […] when they find out Tesla dumped the rest of their Bitcoin holdings,” adding, “With the amount of hate Elon Musk is getting, I wouldn’t blame him.”
Musk replied with one word, “Indeed”.
Musk has appeared to clarify Tesla’s position with the latest tweet.
The weekend exchange weighed on the price of Bitcoin with the coin falling to its lowest level since February 8th and over $20,000 below its record high set on April 14th.
Since the latest Tweet, Bitcoin has somewhat stabilised and although it is still lower by over 8% in the last 24 hours, the price is off its lowest level and back above $44,000.
Other major cryptocurrencies are also lower with Ethereum and XRP both down around 10%.
Elon Musk’s apparent favoured cryptocurrency, Dogecoin, was also not immune to the selling pressure, despite the billionaire saying last week he was working with its developers to improve system transaction efficiency.
The price of Dogecoin has fallen 7.6% in the last 24 hours to below $0.49.