-10.08% Bitcoin (BTC) 71566.1 EUR

-10.91% Ethereum (ETH) 2328 EUR

-10.05% Litecoin (LTC) 72.09 EUR

-7.07% B-Cash (BCH) 405.01 EUR

-0.94% Ethereum (ETH) 0.0328351 BTC

-0.19% Litecoin (LTC) 0.00101707 BTC

+3.25% B-Cash (BCH) 0.0056459 BTC

-9.90% Bitcoin (BTC) 83436.0596 USDC

-0.11% USD Coin (USDC) 0.86 EUR

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-1.73% Dogecoin (DOGE) 0.0000017 BTC

-12.98% Uniswap (UNI) 5.47 EUR

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+7.30% Tron (TRX) 0.00000339 BTC

-9.48% Shiba Inu (SHIB) 0.00000687 EUR

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0.00% Zcash (ZEC) 0.0004242 BTC

-10.03% Basic Attention Token (BAT) 0.14 EUR

0.00% TradeFlow (TFLOW) 0.12216892 BUSD

-14.63% Arbitrum (ARB) 0.2013 USDC

-13.21% Chainlink (LINK) 12.03 USD

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-15.13% Ondo (ONDO) 0.45911 USDC

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-13.34% Wormhole Token (W) 0.03 EUR

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-7.56% Chiliz (CHZ) 0.02742 USDC

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-14.52% Curve DAO (CRV) 0.38 USDC

-18.02% Immutable X (IMX) 0.26 EUR

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-10.49% Synthetix Network Token (SNX) 0.597 USDC

0.00% Skale (SKL) 0.07 USDC

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0.00% Axelar (AXL) 1.05 USDC

-8.07% Livepeer Token (LPT) 3.49 EUR

-7.87% Livepeer Token (LPT) 4.035 USDC

-11.58% Compound (COMP) 24.57 EUR

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-11.58% Yield Guild Games Token (YGG) 0.07 EUR

-1.73% Yield Guild Games Token (YGG) 0.0963 USDC

-1.84% Coti (COTI) 0.02 EUR

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0.00% Portal (PORTAL) 1.1 USDC

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-2.83% Sushi (SUSHI) 0.4419 USDC

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-3.45% Optimism (OP) 0.31 EUR

0.00% Polygon (MATIC) 0.2 EUR

-1.77% Solana (SOL) 115.2 EUR

+3.40% Solana (SOL) 0.0015469 BTC

+4.36% Solana (SOL) 0.047279 ETH

-0.22% USD Coin (USDC) 0.76 GBP

0.00% USD Coin (USDC) 1 USDT

0.00% USD Coin (USDC) 145.58 JPY

0.00% USD Coin (USDC) 4.25 PLN

0.00% USD Coin (USDC) 10.93 SEK

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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