Tesla CEO Elon Musk suddenly announced on the 13th that at some point, he will allow the use of Dogecoin to purchase Tesla vehicles. He praised Dogecoin as “the people’s cryptocurrency.” As soon as the news came out, Dogecoin surged more than 15% within two hours.
According to a video shared by @dogeofficialceo, a Dogecoin community member with nearly 260,000 followers, Elon Musk appeared at the Tesla Gigafactory in Berlin, Germany on the 13th and interacted with the public. Someone in the audience asked Musk when they could use Dogecoin to purchase Tesla vehicles, and Musk responded positively. Musk also added that many people don’t know why he supports Dogecoin, but when he visits the Tesla factory, many employees ask him if he can support Dogecoin. Similar requests have also been made when he visits the SpaceX factory, so he supports Dogecoin.
After Musk made these remarks, the price of Dogecoin quickly soared. It rose from around $1.66 in the morning at 10 o’clock to $0.19289 within just two hours, with a maximum increase of over 15%. As of the deadline, it was reported at $0.18608, a 7% increase in the past 24 hours.
It is worth noting that Tesla’s support for Dogecoin may have some basis. Currently, Tesla is building a Tesla Supercharger station in Los Angeles, USA, which will include a restaurant and an open-air drive-in theater. The related facilities are nearing completion and are expected to officially operate by the end of this year. Musk announced as early as 2022 that this Supercharger station will accept Dogecoin as payment.
In January of this year, Musk revealed at an X Space event that he still holds a large amount of Dogecoin and has not sold any. He mentioned that Dogecoin is his favorite cryptocurrency. He did not mention whether he holds any other cryptocurrencies but revealed that SpaceX holds Bitcoin.
Although Musk is quite fond of Dogecoin, both Tesla and SpaceX hold a large amount of Bitcoin. Cryptocurrency information company Arkham disclosed data last week, indicating that after tracking, they found that Tesla currently holds approximately 11,510 BTC in 68 addresses, and SpaceX holds approximately 8,290 BTC in 28 addresses. The total holdings amount to 19,800 BTC, equivalent to approximately $1.44 billion at the current price.
If the data is accurate, it means that Tesla has recently increased its holdings by nearly 1,800 BTC.
Related reports:
Tesla’s Hollywood Supercharger station nears completion, will accept Dogecoin payments, and features an open-air theater and restaurant.
Musk responds to the Dogecoin community: Dogecoin is my favorite cryptocurrency, and I have a lot of it!
From Doge to ClosedAI, a review of the meme storm caused by “Meme Lord” Musk.