Tesla’s shares fell 5.56 percent on Tuesday when rumors surfaced that his company will sell some of its shares to finance the Twitter buyout for Elon Musk. More recently, on April 29, Musk was confirmed to have sold approximately $8.5 billion worth of Tesla shares. Musk himself said that he will discharge the company’s shares.
Will Musk sell his cryptocurrencies as well?
In this case, one question remained in the crypto community’s mind: Will Elon Musk also sell cryptocurrencies held individually or held by Tesla? According to a Reuters report, Musk wants to collect the remainder of his $44 billion offer from banks. To many, this means that he continues to hold the cryptocurrency as he previously stated in March of this year.
The move points to its confidence in its crypto assets, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The billionaire previously revealed that apart from the shares of his companies, these three cryptocurrencies make up the largest portion of his personal property.
Musk plans more for Twitter
Musk is making more plans for the company as he gets closer to his goal of keeping Twitter private. The aforementioned Reuters report revealed that the Tesla CEO shared more of his plans with the banks he was in fundraising discussions. Musk noted that the platform will greatly increase its revenue and introduce new features. Revenue-boosting plans include a proposal to charge websites a fee when quoting a viral tweet from verified Twitter accounts, and changes to Twitter Blue. As reported as
Kriptokoin.com, billionaire Elon Musk bought Twitter this week for approximately $44 billion, or $54.20 in cash per share. After the deal was accepted, Musk said he “hopes even my worst critics stay on Twitter because that’s what freedom of speech means.” Dogecoin co-creator Jackson Palmer called the acquisition a “hostile takeover” against the idea of freedom, while Bitcoin bulls Anthony Pompliano and Michael Saylor welcomed the move.
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