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Tesla Still Holds Almost $1 Billion In Bitcoin As Elon Musk Promises To Step Back From DOGE

  • Tesla continues to hold 11,509 BTC on its balance sheet, valued at around $1 billion.
  • Tesla sold 10% of its Bitcoin cache in Q1 2021 to prove liquidity of Bitcoin as an alternative to holding cash on the balance sheet.
  • Elon Musk, CEO of Tesla, plans to reduce his time allocation to DOGE (Department of Government Efficiency) and focus more on Tesla.
  • Musk will continue to spend a day or two per week on his prominent government gig for as long as the president wants.

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