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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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‘I have not sold any of my Bitcoin’: Elon Musk

Tesla may have realized some of its Bitcoin profits, but CEO Elon Musk continues to hodl.

Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys.

Musk’s comments came in response to accusations from comedian Dave Portnoy that the Tesla CEO had profited from a Bitcoin pump and dump engineered through his public statements supporting the cryptocurrency.

Rejecting Portnoy’s assertion, Musk stated that “Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet,” adding:

“I have not sold any of my Bitcoin.”

As reported by Cointelegraph, Tesla Inc. sold a portion of its Bitcoin holdings in the first quarter of 2021, generating net proceeds of $272 million.

In February this year, the company catalyzed the crypto market bull run after disclosing a strategic acquisition of $1.5 billion worth of Bitcoin — worth 7.7% of its gross cash position at the time.

During the same month, Tesla also announced it would begin accepting BTC payments for its cars, emphasizing that it will store the funds in Bitcoin rather than convert into cash.

Elon Musk has typically shied away from disclosing how much Bitcoin he holds personally, but his latest tweet suggests he is reluctant to sell it.

At the time of writing, BTC has gained 3% over the past 24 hours to trade at $53,600, according to CoinGecko.

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