Musk I Will Sell 10% Stake In Tesla…Microstrategy CEO Buys Bitcoin :Coin Leaders

Musk I Will Sell 10% Stake In Tesla…Microstrategy CEO Buys Bitcoin :Coin Leaders

Tesla / Source: Twitter © CoinReaders

Elon Musk, the CEO of American electric car maker Tesla and known to be a crypto supporter, tweeted on the 6th (local time) whether he would sell 10% of his Tesla stock and convert it to cash. started an investigation.

Musk said in a tweet that same day, “Recently, there has been a lot of discussion about unrealized gains being a tax avoidance tool. Therefore, I am proposing to sell 10% of my Tesla stock. ” This allowed Era followers and Twitter users to decide the fate of Tesla stock worth about $25 billion.

Attached to the post was a questionnaire asking whether he supported Musk’s sale of Tesla stock.

As of 10 p.m. on 7th (Korean time), approximately 900,000 people took part in the survey. So far, Musk has 57% support for the sale of a portion of Tesla’s stake and 43% against it. This survey will run for 24 hours.

“I will follow the results of the survey, no matter what conclusion it comes to,” Musk said.

According to the Bloomberg Billionaire Index, Musk’s personal wealth increased to $338 billion. That’s nearly doubled since early 2021, mainly due to a surge in Tesla stock. Musk also manages the aerospace company SpaceX, which is said to be worth more than $100 billion.

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Currently, the US Congress has proposed a “billionaire stance”, which taxes the wealth of the very wealthy, such as stocks and bonds. Musk, the world’s richest man, is said to have expressed dissatisfaction with being the main target of the billionaire post as his fortunes have risen recently.

Meanwhile, Michael Sayer, CEO of Microstrategy, a US Nasdaq-listed company active in bitcoin investing, recommended Musk buy bitcoin with the proceeds from the sale of Tesla stock. He argued that by buying bitcoin, it would protect Tesla from inflation and further increase its value.

According to CoinDesk, a cryptocurrency media outlet, MicroStrategy, a business intelligence software company that has become representative of the world’s largest cryptocurrency because it has too many bitcoins on its balance sheet, announced its third-quarter results this year with a total of 114,042. Of. By the end of September BTC announced that they have

About the author: Seth Grace

Seth is an all-around geek who loves learning new stuff every day. With a background in Journalism and a passion for web-based technologies and Gadgets, she focuses on writing about on Hot Topics, Web Trends, Smartphones, and Tablets.

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