Musk’s tweet is the latest in a series that have triggered big moves in the cryptocurrency prices.
Musk claims that his company sold $272 million worth of “digital assets,” which they used to reduce operating losses by $101 million during the first quarter.
Musk’s Twitter account does seem to significantly impact cryptocurrency prices.
“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.