INSUBCONTINENT EXCLUSIVE:
crypto tiesElon Musk is no stranger to Bitcoin as Tesla was an early adopter, holding BTC in its treasury.Under his leadership as Tesla CEO,
Tesla bought $1.5 billion worth of BTC in early 2021, making it one of the first publicly traded companies to hold Bitcoin in its treasury
reserves.Currently, Tesla holds 11,509 BTC, worth approximately $1.26 billion, with the EV maker being the ninth-largest publicly traded
company to hold Bitcoin in its treasury, according to Bitbo.The Tesla CEO has also supported Dogecoin over the years, which has caused the
price of the memecoin to either rally or crash after his tweets.Jan3 founder Samson Mow said embracing Bitcoin could give Musk an edge over
discounts to those who pay in Bitcoin.In 2024, Musk rejected the idea of using the Bitcoin network as a form of payment on Mars
However, Musk later entertained the idea, saying that a localized Lightning Network could solve the issue of slow transactions.Musk has not
initiative that aims at reducing the US national debt, if he was going to increase the national debt by trillions of dollars.He later hinted
feud intensifiesOn Sunday, Musk announced that he would be creating the America Party after more than 1.24 million people voted on his poll
at Musk for creating a third political party
Ripple eyes US banking license
