Tesla’s Elon Musk asks about converting ‘large transactions’ to bitcoin
By Suzanne Barlyn
(Reuters) – Elon Musk on Sunday requested about the chance of converting “large transactions” of Tesla Inc’s steadiness sheet into bitcoin, in accordance to a Twitter alternate between Musk and a broadly identified advocate for the digital overseas cash.
Michael Saylor, chief govt officer of MicroStrategy Inc, in a tweet to Musk, instructed that the billionaire Tesla founder and head, make the switch.
“If you want to do your shareholders a $100 billion favor, convert the $TSLA steadiness sheet from USD to #BTC,” Saylor wrote in his tweet. “Other firms on the S&P 500 would comply along with your lead & in time it might develop to develop right into a $1 trillion favor.”
“Are such large transactions even potential?” Musk replied to Saylor.
…