In a quarterly investor call, Musk said that the company had not sold any of its holdings, despite announcing that it had sold 75% of its holdings in the second quarter of the year.
Musk said in the call that they haven't sold any of their Doge coins.
The electric car company has been accepting Doge payments for some merchandise on their website, though it's not clear if they do or not. It is not clear if the company has just been holding on to the token used for merch purchases or if they have made dedicated buys of the dog-themed coin.
$218 million of digital assets are owned by the company, after selling nearly a billion dollars of digital assets. The majority of the $218 million is believed to be the last of the virtual currency.
After selling 75% of the Bitcoins it had, it should have had around 11,000 at the end of the quarter. We need to know when the snapshot was taken to figure out how much of that holding is worth. It was assumed that the last day of June was when the fiscal Q2 ended, so the total value of the digital assets would be between $197 million and $213 million.
The smaller amount of room left for Dogecoin holdings is due to the fact that they only make money on merchandise sales. None of the major cryptocurrencies have been disclosed by the company.
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