The world’s “richest billionaire” Elon Musk sold some of his Tesla shares to get $5 billion. Some think this money went to Dogecoin (DOGE).
Musk sold $5 billion worth of Tesla shares yesterday.
In a poll he shared recently, Musk asked on Twitter whether he should sell 10 percent of Tesla shares and said he would “stick to the results”, but it is not yet clear whether he will follow it exactly. Although Musk does not need to reinvest, it is thought that the billionaire, whose liquidity is increasing, can invest his money in crypto.
Cryptocoin. As we reported on com, on Twitter, where Musk tends to disclose such things, he said that the three cryptocurrencies he owns in October are Bitcoin, Ethereum and Dogecoin. More recently, Tesla has also been reported to be building a Bitcoin treasury, and in July this summer a Twitter user estimated that the auto company had around 42,000 Bitcoins, and Musk said, “We don’t have that many Bitcoins, but it’s close.” said. Based on Bitcoin’s current price of $65,000 and assuming he owns 40,000 Bitcoins, Musk would have control of the leading cryptocurrency at around $2.6 billion.
While Musk hasn’t been very open about the amount of Ethereum and Dogecoin he holds, he announced in July that he owns “many more bitcoins” than ETH or DOGE. However, online detectives and speculation pointed to a particular crypto wallet that bought 150,000 Doge tokens just before Musk’s DOGE-related Tweet, the same wallet thought by many to be owned by Elon as 2.5 million Dogecoins. It was said to hold more than But there’s really no way to know, Musk could easily own multiple wallets.