The world’s richest man, Elon Musk, was the subject of a joke made by Microstrategy founder, Michael Saylor, on Thursday, after the Tesla Chief Executive Officer sold off part of his firm’s bitcoin holdings, IgbereTV reports
IgbereTV had reported that Musk sold 29,160 bitcoins to cash in on $936 million, leaving Tesla with 9,720 bitcoin worth $224.24 million (according to current market price), having previously held 43,200 BTC.
The sell off by Musk disappointed many bitcoin faithful, despite the billionaire saying during an earnings call on Wednesday, that Tesla could still increase its bitcoin ownership in future, and the bitcoin exchange for fiat shouldn’t be seen as a verdict on BTC.
One of those not having Musk’s sell off was Saylor, the same billionaire that had advised the world’s richest man to buy bitcoin in December 2020, and two months later, the Tesla boss purchased $1.5 billion cryptoasset in February 2021
