-2.36% Bitcoin (BTC) 96376.1 EUR

-2.97% Ethereum (ETH) 3437.42 EUR

-2.48% Litecoin (LTC) 81.19 EUR

-2.71% B-Cash (BCH) 456.95 EUR

-0.61% Ethereum (ETH) 0.0360166 BTC

-0.11% Litecoin (LTC) 0.00085042 BTC

-0.76% B-Cash (BCH) 0.00473185 BTC

-2.28% Bitcoin (BTC) 112740.2602 USDC

-0.21% USD Coin (USDC) 0.86 EUR

-4.65% Chainlink (LINK) 16.28 EUR

-3.04% Chainlink (LINK) 0.0001687 BTC

-3.49% Dogecoin (DOGE) 0.17 EUR

-1.63% Dogecoin (DOGE) 0.0000018 BTC

-1.74% Uniswap (UNI) 5.72 EUR

+0.67% Uniswap (UNI) 0.00005948 BTC

-3.84% Cardano (ADA) 0.59 EUR

-1.28% Cardano (ADA) 0.00000617 BTC

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-0.70% Tron (TRX) 0.00000282 BTC

-3.78% Shiba Inu (SHIB) 0.00000915 EUR

+3.61% Zcash (ZEC) 214.4 EUR

0.00% Zcash (ZEC) 0.0004242 BTC

-7.86% Basic Attention Token (BAT) 0.16 EUR

0.00% TradeFlow (TFLOW) 0.12216892 BUSD

-2.20% Arbitrum (ARB) 0.333 USDC

-4.30% Chainlink (LINK) 18.6 USD

-3.95% Chainlink (LINK) 18.66317 USDC

-1.45% Uniswap (UNI) 6.576 USDC

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-4.64% Ondo (ONDO) 0.7658 USDC

-2.80% Gala (GALA) 0.01 EUR

-2.75% Gala (GALA) 0.0116 USDC

-3.57% Wormhole Token (W) 0.07 EUR

-3.44% Wormhole Token (W) 0.0813 USDC

-0.75% Chiliz (CHZ) 0.03 EUR

-2.11% Chiliz (CHZ) 0.03514 USDC

-2.33% Sand (SAND) 0.18 EUR

-2.03% Sand (SAND) 0.2171 USDC

-1.77% Aave (AAVE) 211.06 EUR

-1.38% Aave (AAVE) 244.48 USDC

+2.26% Curve DAO (CRV) 0.49 EUR

+2.63% Curve DAO (CRV) 0.5755 USDC

-1.06% Immutable X (IMX) 0.48 EUR

-0.56% Immutable X (IMX) 0.56 USDC

-13.85% Synthetix Network Token (SNX) 1.65 EUR

-13.70% Synthetix Network Token (SNX) 1.91 USDC

0.00% Skale (SKL) 0.07 USDC

-5.14% Beam (BEAM) 0 EUR

-5.79% Beam (BEAM) 0.00618 USDC

0.00% Axelar (AXL) 1.05 USDC

-2.16% Livepeer Token (LPT) 4.51 EUR

-1.67% Livepeer Token (LPT) 5.225 USDC

-1.67% Compound (COMP) 29.28 EUR

-1.70% Compound (COMP) 33.96 USDC

-5.69% Yield Guild Games Token (YGG) 0.11 EUR

+1.70% Yield Guild Games Token (YGG) 0.1374 USDC

-2.10% Coti (COTI) 0.03 EUR

-2.32% Coti (COTI) 0.0378 USDC

0.00% Portal (PORTAL) 1.1 USDC

+0.74% Sushi (SUSHI) 0.48 EUR

-0.24% Sushi (SUSHI) 0.5611 USDC

-3.85% Pepe (PEPE) 0 EUR

-4.11% Pepe (PEPE) 0.00000723 USDC

-3.20% Optimism (OP) 0.39 EUR

0.00% Polygon (MATIC) 0.2 EUR

+0.22% Solana (SOL) 168.39 EUR

+3.50% Solana (SOL) 0.0017584 BTC

+4.21% Solana (SOL) 0.049162 ETH

+0.49% USD Coin (USDC) 0.75 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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