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‘I Might Pump But I Don’t Dump’: Bitcoin Rises 8% After Elon Musk Reveals Massive Holdings

Ben Zeisloft
‘I Might Pump But I Don’t Dump’: Bitcoin Rises 8% After Elon Musk Reveals Massive Holdings
FREDERIC J. BROWN/AFP via Getty Images

Bitcoin rose by over 8% on Wednesday after Tesla and SpaceX CEO Elon Musk said that he holds significant amounts of the cryptocurrency.

“I might pump, but I don’t dump,” Musk said during a discussion at The B Word conference with Twitter CEO Jack Dorsey and Ark Invest CEO Cathie Wood. “Outside of Tesla and SpaceX stock, it’s my largest holding.”

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