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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Best Crypto Exchange Affiliate Programs in 2023

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    What does Crypto Index fund Means and How to Invest?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bulls Aim Big After Recent Surge Above $0.5

    Bulls Aim Big After Recent Surge Above $0.5

    Ethereum Breaks USD 4K, Indicators Suggest Short-term Recovery

    Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920

    ADA Price (Cardano) Plunge To $0.32 On The Horizon As Bulls Show Weak Hands

    Risk of Sharp Drop Below $300

    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

    Doge Breaking This Single Level Will Spark Fresh Rally

    Doge Breaking This Single Level Will Spark Fresh Rally

    Ethereum Price Indicators Show Vulnerability to Bigger Correction

    Ethereum Price Key Indicators Suggest A Strengthening Case For Surge To $2K

    Rally Gathers Pace, $0.55 Target In Sight

    Rally Gathers Pace, $0.55 Target In Sight

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

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    Bridge Marks of Fate for Tollan Worlds Mint

    Bridge Marks of Fate for Tollan Worlds Mint

    Vulcan Forged Opens Alpha V2 of Metascapes

    Vulcan Forged Opens Alpha V2 of Metascapes

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    Pass Mint for Assassin’s Creed Smart Collectible

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    Mobox Goes Cross-Chain with MoDragons

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    Play to Earn with Eternal Dragons via PvP and PvE Leaderboards

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  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bulls Aim Big After Recent Surge Above $0.5

    Bulls Aim Big After Recent Surge Above $0.5

    Ethereum Breaks USD 4K, Indicators Suggest Short-term Recovery

    Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920

    ADA Price (Cardano) Plunge To $0.32 On The Horizon As Bulls Show Weak Hands

    Risk of Sharp Drop Below $300

    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

    Doge Breaking This Single Level Will Spark Fresh Rally

    Doge Breaking This Single Level Will Spark Fresh Rally

    Ethereum Price Indicators Show Vulnerability to Bigger Correction

    Ethereum Price Key Indicators Suggest A Strengthening Case For Surge To $2K

    Rally Gathers Pace, $0.55 Target In Sight

    Rally Gathers Pace, $0.55 Target In Sight

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

  • Play2Earn
    Play to Earn Games to Watch in February

    Play to Earn Games to Watch in June

    Bridge Marks of Fate for Tollan Worlds Mint

    Bridge Marks of Fate for Tollan Worlds Mint

    Vulcan Forged Opens Alpha V2 of Metascapes

    Vulcan Forged Opens Alpha V2 of Metascapes

    Pass Mint for Assassin’s Creed Smart Collectible

    Pass Mint for Assassin’s Creed Smart Collectible

    Mobox Goes Cross-Chain with MoDragons

    Mobox Goes Cross-Chain with MoDragons

    Play to Earn with Eternal Dragons via PvP and PvE Leaderboards

    Play to Earn with Eternal Dragons via PvP and PvE Leaderboards

    Play to Mint with Tearing Spaces Beta

    Play to Mint with Tearing Spaces Beta

    Shoot-em-up to Earn with Grit Launch

    Shoot-em-up to Earn with Grit Launch

    Play and Earn in Illuvium Zero Alpha Season 1

    Play and Earn in Illuvium Zero Alpha Season 1

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Elon Musk Has Sold $6.9 Billion Worth of Tesla Stocks This Week, Is There a Bitcoin (BTC) Connection?

2021-11-13
in Bitcoin
0
Musk Changes his Twitter name and now we have a trending token, here’s what happened?
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Elon Musk, the billionaire CEO of essentially the most profitable EV Tesla firm has offered one other 1.2 million in TSLA shares price $1.2 billion. Musk has offloaded a complete of $6.9 billion price of his firm’s shares over the previous week, making it the biggest ever inventory disposal by the CEO of any firm.

It began with Musk pledging to promote 10% of his Tesla shares to show some extent towards unrealized good points and tax avoidance. He additionally carried out a Twitter ballot together with its asking whether or not he ought to unload 10% of his firm’s shares the place 57.9% of individuals voted in favor of the thought. Musk’s tackle unrealized good points and tax avoidance comes as he grew to become the richest man on earth and likewise the primary to have over $300 billion web price.

A lot is made currently of unrealized good points being a method of tax avoidance, so I suggest promoting 10% of my Tesla inventory.

Do you help this?

— Elon Musk (@elonmusk) November 6, 2021

As Musk started offloading his Tesla shares initially of this week, hypothesis mills have been rife as in what he would do with the cash.  Earlier, Musk typically offered his firm’s shares for tax functions as he talked about later within the tweet as properly, claiming he doesn’t receives a commission in money or bonus, thus the one approach for him to pay taxes is through promoting his shares.

Notice, I don’t take a money wage or bonus from anyplace. I solely have inventory, thus the one approach for me to pay taxes personally is to promote inventory.

— Elon Musk (@elonmusk) November 6, 2021

The Twitter ballot didn’t end up properly for the market worth of the $TSLA shares because it plunged proper after the outcomes of the ballot got here in and Musk additionally confirmed he’ll abide by it. Musk’s 10% share in Tesla comes about $25 billion and after this week’s sale, he’s nonetheless the biggest shareholder within the firm.

Michael Saylor Advices Musk to Purchase Bitcoin From His Tesla Inventory Gross sales

Microstrategy CEO Michael Saylor is a well known Bitcoin proponent and likewise takes credit score for pursuing Musk and Tesla to purchase Bitcoin. Saylor suggested Musk to speculate the proceeds of his 10% Tesla share gross sales in direction of Bitcoin.

“If the purpose is diversification, an alternate technique to contemplate is changing the TSLA stability sheet to a Bitcoin Commonplace and buying $25 billion in BTC.” stated Saylor

Tesla has greater than doubled its revenue on a $1 billion bitcoin buy after Bitcoin hit new all-time highs final week. Thus, a Bitcoin funding



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