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Musk Inquires About Moving ‘Large Transactions’ to Bitcoin

Dec. 20, 2020, 6:36 PM

Elon Musk inquired about converting “large transactions” of Tesla Inc.’s balance sheet into Bitcoin in a Twitter exchange with Michael Saylor, a prominent booster of the digital currency.

In a series of tweets, Saylor, chief executive officer of Microstrategy Inc., encouraged the billionaire to shift U.S. dollars from the electric-car maker to Bitcoin and “do your shareholders a $100 billion favor.”

Elon Musk
Photographer: Liesa Johannssen-Koppitz/Bloomberg

“Other firms on the S&P 500 would follow your lead & in time it would grow to become a $1 trillion favor,” Saylor added in his tweet on Sunday.

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