Friday, September 30

Elon Musk says he will sell 10% of Tesla shares, will he buy more bitcoin?

Elon Musk, the richest man in the world, CEO of Tesla and Bitcoin fan, asked his 63 million Twitter followers if he should sell 10% of his company shares in the market.

It’s not clear where he’s going to put the money, but this situation has aroused the most diverse attention in the market. Some people believed he was ditching shares to buy more Bitcoin, a currency that has seen a strong appreciation.

However, the destination of Elon Musk’s money could be to pay taxes, believes an analysis by CNBC.

Elon Musk Should Not Buy Bitcoin By Selling Tesla Shares

Last Saturday (6), Elon Musk surprised his followers by asking if he should sell 10% of Tesla’s shares. According to him, many people are accusing him of tax evasion, as he does not sell his shares in the market and takes profits.

With millions of followers, nearly 4 million people supported him to sell his shares, a decision he promised to fulfill.

“Lately, there’s been a lot of talk about unrealized gains being a means of tax evasion, so I propose to sell 10% of my shares in Tesla. Do you support this?”

Elon Musk ainda declared that “I don’t get cash salary or bonuses from anywhere. I only own shares, so the only way to pay taxes in person is to sell shares.“.

Upon seeing Musk’s publication, Michael Saylor, CEO of MicroStrategy, suggested that the richest man in the world buy $25 billion worth of Bitcoin by selling Tesla stock, something the community came to understand would be Elon’s attitude. .

In his idea, Elon Musk would have more benefits and wealth diversification. This reality caused the price of Bitcoin to rise in the market, approaching the historic high.

In addition, the share of Tesla on Nasdaq this Monday (8) ended up falling 0.64%, with the possibility of a large sale in the paper market, something that Musk did not comment on when it would be or how.

But the Bitcoin Whale JOE007, famous for operating the digital currency crash, does not believe Elon Musk will sell Tesla shares to buy Bitcoin. He criticized the community for boosting the BTC quote for a possible massive buyout of the richest man in the world.

The profile even shared a study by CNBC that points out that Musk will sell shares to pay a US$15 billion tax that will be levied on him soon, meaning that Elon is unlikely to buy Bitcoin with all the sale he can make.

As a large holder of Tesla shares, Elon Musk has become the richest man in the world, with a fortune now valued at around $320 billion, and he was the first tycoon to break the $300 billion mark.