Elon Musk's America Party torn apart by CNN
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Musk, who earlier advocated for cryptocurrencies, has confirmed that the political party would embrace Bitcoin as "fiat is hopeless," as he claimed. Notably, Tesla holds 11,509 BTC worth more than $1.25 billion on its balance sheet, making it the eighth-largest public Bitcoin corporate treasury.
Corporates are moving aggressively. MicroStrategy added $2 billion in Bitcoin in June, pushing its total above 300,000 BTC. Seventeen publicly listed companies disclosed Bitcoin holdings in recent filings, with more deploying capital through custodial structures and ETFs. Firms are integrating it into liquidity and risk frameworks.
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