Tesla Inc. will resume authorization of Bitcoin transactions when the digital coin mining is done with cleaner energy, Elon Musk said in a tweet on Sunday.
Transactions will resume “when there is confirmation of reasonable (around 50%) clean energy use by miners with a positive future trend,” Musk said after confirming the electricity.Car manufacturer had sold around 10% of its Bitcoin holdings.
The billionaire said the sale was made “to confirm that BTC can be liquidated easily without moving the market.” His tweet was in response to areport in Cointelegraph, which quotes Magda Wierzycka, executive chairman of South African asset manager Sygnia, as saying that Musk’s recent tweets on Bitcoin should have triggered a U.S. Securities and Exchange Commission investigation.
The cryptocurrency was up 4.1% to $ 37,494.43 as of 2:59 p.m. in New York City. The billionaire hashas whipped up Bitcoin and other digital tokens with a slew of social media posts in recent months.
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