According to the latest financial report, the businessman sold more than a billion dollars worth of shares.
A report filed with the SEC on November 11 shows that Musk sold 934,000 Tesla shares worth about $1.1 billion. The average selling price is $1,170 per share. This is the third time the businessman has sold shares of his company since Tesla went public in 2010.
On November 6, Musk posted a survey on Twitter asking whether he should sell 10% of his shares. Of the 3.5 million survey participants, 58% answered “yes.” However, the Tesla CEO sold less than 1% of his shares. He still holds 170 million shares.
On November 4, the price of TSLA set a historical record of about $1,230. After the publication of the survey, the share price sank by 16%, falling below $1,000.
At the moment, the company holds 43,200 BTC worth about $2.79 billion.
Subscribe to ForkNews at Telegram to keep up to date with news from the world of cryptocurrencies
According to cointelegraph.com
You May Also Like
Public company Mogo bought 146 ETH
Nasdaq-listed Canadian fintech company Mogo continues to invest in cryptocurrencies.
Why is everyone waiting for Bakkt to launch?
Given that the SEC is yet to make a long-awaited decision, the launch of investment firm Bakkt is of great significance to the crypto community as it will offer an alternative to financial instruments ignored by the Securities and Exchange Commission.
