-1.16% Bitcoin (BTC) 91859.7 EUR

-2.26% Ethereum (ETH) 2140.01 EUR

-2.10% Litecoin (LTC) 73.56 EUR

-1.02% B-Cash (BCH) 417.05 EUR

-1.22% Ethereum (ETH) 0.0235229 BTC

-0.98% Litecoin (LTC) 0.00080901 BTC

+0.11% B-Cash (BCH) 0.00454096 BTC

-1.18% Bitcoin (BTC) 109171.1525 USDC

-0.03% USD Coin (USDC) 0.84 EUR

-3.30% Chainlink (LINK) 11.28 EUR

-2.52% Chainlink (LINK) 0.00012332 BTC

-4.41% Dogecoin (DOGE) 0.14 EUR

-3.18% Dogecoin (DOGE) 0.00000152 BTC

-7.47% Uniswap (UNI) 5.92 EUR

-6.73% Uniswap (UNI) 0.00006453 BTC

-3.32% Cardano (ADA) 0.49 EUR

-2.55% Cardano (ADA) 0.00000535 BTC

-1.54% Tron (TRX) 0.24 EUR

-0.37% Tron (TRX) 0.00000263 BTC

-3.43% Shiba Inu (SHIB) 0.00000984 EUR

-2.72% Zcash (ZEC) 34.33 EUR

0.00% Zcash (ZEC) 0.0004242 BTC

-4.39% Basic Attention Token (BAT) 0.1 EUR

0.00% TradeFlow (TFLOW) 0.12216892 BUSD

-5.09% Arbitrum (ARB) 0.3238 USDC

-3.15% Chainlink (LINK) 13.19 USD

-2.98% Chainlink (LINK) 13.18597 USDC

-7.35% Uniswap (UNI) 6.912 USDC

-2.56% Ondo (ONDO) 0.65 EUR

-1.60% Ondo (ONDO) 0.77625 USDC

-5.98% Gala (GALA) 0.01 EUR

-5.85% Gala (GALA) 0.01383 USDC

-7.41% Wormhole Token (W) 0.05 EUR

-6.77% Wormhole Token (W) 0.0664 USDC

-4.44% Chiliz (CHZ) 0.02 EUR

-3.29% Chiliz (CHZ) 0.03495 USDC

-4.73% Sand (SAND) 0.2 EUR

-4.28% Sand (SAND) 0.2419 USDC

-4.38% Aave (AAVE) 225.7 EUR

-3.57% Aave (AAVE) 268.26 USDC

-5.43% Curve DAO (CRV) 0.42 EUR

-4.62% Curve DAO (CRV) 0.5011 USDC

-7.10% Immutable X (IMX) 0.36 EUR

-6.76% Immutable X (IMX) 0.4261 USDC

-6.88% Synthetix Network Token (SNX) 0.47 EUR

-6.53% Synthetix Network Token (SNX) 0.558 USDC

0.00% Skale (SKL) 0.07 USDC

-4.53% Beam (BEAM) 0 EUR

-2.97% Beam (BEAM) 0.00588 USDC

0.00% Axelar (AXL) 1.05 USDC

-3.70% Livepeer Token (LPT) 5.1 EUR

-3.59% Livepeer Token (LPT) 6.005 USDC

-4.39% Compound (COMP) 35.05 EUR

-4.77% Compound (COMP) 41.11 USDC

-3.70% Yield Guild Games Token (YGG) 0.12 EUR

-3.67% Yield Guild Games Token (YGG) 0.1469 USDC

-4.96% Coti (COTI) 0.04 EUR

-4.99% Coti (COTI) 0.0495 USDC

0.00% Portal (PORTAL) 1.1 USDC

-5.85% Sushi (SUSHI) 0.5 EUR

-5.77% Sushi (SUSHI) 0.589 USDC

-4.99% Pepe (PEPE) 0 EUR

-4.93% Pepe (PEPE) 0.00000963 USDC

-7.03% Optimism (OP) 0.45 EUR

0.00% Polygon (MATIC) 0.2 EUR

-3.03% Solana (SOL) 125.82 EUR

-1.45% Solana (SOL) 0.0013723 BTC

+0.11% Solana (SOL) 0.058934 ETH

+0.20% USD Coin (USDC) 0.73 GBP

0.00% USD Coin (USDC) 1 USDT

0.00% USD Coin (USDC) 145.58 JPY

Elon Musk sells over $1 billion of Tesla stock

11-11-2021

Tesla CEO Elon Musk has sold around 934,000 shares for approximately $1.1 billion. The transaction is confirmed by filings with the Securities and Exchange Commission on November 11. It is just the third time he has sold Tesla shares since the firm went public in 2010.

Elon Musk asked his 63 million Twitter followers if he should sell 10% of his share in Tesla. Almost 58% of the 3.5 million respondents replied yes, yet he has sold less than 1%. Tesla shares dropped 16% in the days following the survey, momentarily falling below $1,000 on November 10. Tesla stock achieved an all-time high earlier this month but is now down 11% from that high.

Following the Twitter vote but before the news of this sale broke, MicroStrategy CEO Michael Saylor advised he acquire additional Bitcoin:

“If the goal is diversification, an alternate strategy to consider is converting the $TSLA balance sheet to a Bitcoin and purchasing $25 billion in BTC. That would deliver diversification, inflation protection & more upside for all investors in a tax efficient manner.”

According to BitcoinTreasuries, Tesla now owns 43,200 BTC, which is worth an estimated $2.79 billion.

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