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5/17, 8:12 AM (Source: TeleTrader)
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Musk denies Tesla's Bitcoin selloff

Tesla Inc. CEO Elon Musk negated on Monday that the company has so far offloaded Bitcoin from its balance sheets.

"To clarify speculation, Tesla has not sold any Bitcoin," Musk wrote in a tweet.

The world's largest cryptocurrency tumbled after Musk hinted at the possibility of dumping Bitcoin, reaching a three-month low of $42,321, but has since pared losses to sell for $45,267 at 2:16 am ET, dropping 2.99%. Ether also rebounded, sliding 3.88% at 2:20 am ET to go for $3,440.7.

Breaking the News / BU