-4.30% Bitcoin (BTC) 98035 EUR

-7.22% Ethereum (ETH) 3043.72 EUR

-3.86% Litecoin (LTC) 91.05 EUR

-6.07% B-Cash (BCH) 467.31 EUR

-3.06% Ethereum (ETH) 0.0313605 BTC

+0.53% Litecoin (LTC) 0.0009393 BTC

-2.01% B-Cash (BCH) 0.00476922 BTC

-2.91% Bitcoin (BTC) 114712.7296 USDC

-1.47% USD Coin (USDC) 0.86 EUR

-7.33% Chainlink (LINK) 14.1 EUR

-2.94% Chainlink (LINK) 0.00014432 BTC

-5.67% Dogecoin (DOGE) 0.17 EUR

-1.62% Dogecoin (DOGE) 0.00000182 BTC

-6.18% Uniswap (UNI) 7.92 EUR

-1.95% Uniswap (UNI) 0.0000809 BTC

-5.54% Cardano (ADA) 0.62 EUR

-1.23% Cardano (ADA) 0.0000064 BTC

-2.29% Tron (TRX) 0.28 EUR

+2.12% Tron (TRX) 0.00000289 BTC

-5.70% Shiba Inu (SHIB) 0.00001051 EUR

-4.74% Zcash (ZEC) 31.55 EUR

0.00% Zcash (ZEC) 0.0004242 BTC

-7.51% Basic Attention Token (BAT) 0.13 EUR

0.00% TradeFlow (TFLOW) 0.12216892 BUSD

-5.93% Arbitrum (ARB) 0.3812 USDC

-5.87% Chainlink (LINK) 16.17 USD

-5.95% Chainlink (LINK) 16.21565 USDC

-4.89% Uniswap (UNI) 9.077 USDC

-6.39% Ondo (ONDO) 0.77 EUR

-5.48% Ondo (ONDO) 0.89565 USDC

-6.06% Gala (GALA) 0.01 EUR

-4.91% Gala (GALA) 0.01509 USDC

-8.67% Wormhole Token (W) 0.06 EUR

-7.69% Wormhole Token (W) 0.0744 USDC

-5.65% Chiliz (CHZ) 0.03 EUR

-4.22% Chiliz (CHZ) 0.03787 USDC

-7.12% Sand (SAND) 0.22 EUR

-5.95% Sand (SAND) 0.2646 USDC

-5.19% Aave (AAVE) 222.08 EUR

-4.21% Aave (AAVE) 256.86 USDC

-9.84% Curve DAO (CRV) 0.76 EUR

-8.59% Curve DAO (CRV) 0.8848 USDC

-7.16% Immutable X (IMX) 0.43 EUR

-6.13% Immutable X (IMX) 0.4986 USDC

-5.93% Synthetix Network Token (SNX) 0.49 EUR

-4.69% Synthetix Network Token (SNX) 0.568 USDC

0.00% Skale (SKL) 0.07 USDC

-8.41% Beam (BEAM) 0 EUR

-6.45% Beam (BEAM) 0.0068 USDC

0.00% Axelar (AXL) 1.05 USDC

-7.03% Livepeer Token (LPT) 5.2 EUR

-5.52% Livepeer Token (LPT) 6.034 USDC

-6.07% Compound (COMP) 38.03 EUR

-4.65% Compound (COMP) 43.97 USDC

-6.49% Yield Guild Games Token (YGG) 0.13 EUR

-5.74% Yield Guild Games Token (YGG) 0.151 USDC

-6.14% Coti (COTI) 0.04 EUR

-5.02% Coti (COTI) 0.0529 USDC

0.00% Portal (PORTAL) 1.1 USDC

-6.03% Sushi (SUSHI) 0.67 EUR

-5.11% Sushi (SUSHI) 0.7779 USDC

-6.14% Pepe (PEPE) 0 EUR

-5.11% Pepe (PEPE) 0.00001058 USDC

-6.44% Optimism (OP) 0.56 EUR

0.00% Polygon (MATIC) 0.2 EUR

-6.90% Solana (SOL) 143.98 EUR

-2.32% Solana (SOL) 0.0014646 BTC

+0.30% Solana (SOL) 0.046988 ETH

-0.13% USD Coin (USDC) 0.75 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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