Affluent Savvy
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What Cryptocurrency has Elon Musk?

Musk has detailed in the past that he personally owns Dogecoin but has not indicated that Tesla does, though the electric car company has been accepting Doge payments for some merchandise on their website.

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Awaken your dormant DNA ability to attract wealth effortlessly

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Despite announcing that Tesla had sold 75% of its Bitcoin holdings in Q2, CEO Elon Musk disclosed in a quarterly investor call that the company also held Dogecoin and had not sold any of those holdings. “We have not sold any of our Dogecoin; we still have it,” Musk said in the call. Musk has detailed in the past that he personally owns Dogecoin but has not indicated that Tesla does, though the electric car company has been accepting Doge payments for some merchandise on their website. It’s unclear whether the company has simply been holding on to the tokens used for merch purchases or has made dedicated buys of the dog-themed “joke” cryptocurrency that Musk has repeatedly voiced his support for on Twitter. The company disclosed that it currently owns $218 million worth of digital assets after selling $963 million worth of Bitcoin. The bulk of that $218 million is likely its remaining Bitcoin. Tesla reportedly had around 42,000 Bitcoin heading into the second quarter, so after selling 75% of them, it should have had around 10,500 at the end of the quarter. Now, to determine exactly how much of that total holding is Bitcoin, we’d have to know exactly when the snapshot was taken. It was assumedly taken sometime the last day of June when fiscal Q2 ended, so 1 Bitcoin would have been trading for between $18,750 and $20,300 throughout the day, which at 10,500 coins would mean that around $197 million to $213 million of its total “digital assets” would be in Bitcoin. That napkin math leaves a much smaller amount of room left for Dogecoin holdings, though perhaps still a healthy amount to have been made solely on merchandise sales. Tesla has not disclosed holding any major cryptocurrencies other than Bitcoin and, now, Dogecoin. Subscribe to TechCrunch’s crypto newsletter “Chain Reaction” for news, funding updates and hot takes on the wild world of web3 — and take a listen to our companion podcast!

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What color means winner?

Red The Color of Victory Is Red, Scientists Say.

Wearing red increases the chance of victory in sports, say British researchers who clearly do not follow the Cincinnati Reds. "Across a range of sports, we find that wearing red is consistently associated with a higher probability of winning," wrote Dr. Russell Hill and Dr. Robert Barton, researchers in evolutionary anthropology at the University of Durham, in a paper that will appear on Thursday in the journal Nature. The research began a year ago, Dr. Barton said in an interview, on a hunch based on observations in the animal kingdom, where red coloration is often associated with male dominance. Zebra finches that have been fitted with red leg bands, for example, tend to become dominant, while those given blue bands are more submissive. In humans, anger reddens the face, so the color may send subtle signals of fierceness. The two researchers studied results of the 2004 Summer Olympics to eliminate the possibility of a home team advantage, and found that contestants in tae kwan do, boxing and wrestling were issued red or blue protective gear at random. "It's almost as if somebody had designed an experiment for us," Dr. Barton said.

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