After Elon Musk’s acquisition of Twitter was finalized, a big question mark was from which sources the $ 44 billion payment would be made.
According to a report by Elon Musk to the US Securities and Exchange Commission, Musk sold $8.4 billion worth of Tesla shares after the day the offer to buy Twitter was accepted.
The majority of its sales were made on Tuesday, the SEC statement said. The share price fell 12% during this sale.
According to documents released today, Musk sold $4.4 billion worth of Tesla shares yesterday.
“I did not plan any more Tesla sales,” Musk said on Twitter about the sales.
No further TSLA sales planned after today
— Elon Musk (@elonmusk) April 29, 2022
Musk needs $44 billion in cash to buy Twitter. The famous CEO has borrowed $25.5 billion for now, including a $12.5 billion loan for Tesla shares.
Adding the Tesla sales above, it looks like it has collected most of the funds it needs.
Musk previously in his personal portfolio bitcoin and Ethereum He declared that he kept the amount, but did not specify the amount related to them.
While it is wondered whether Musk, who needs cash at the moment, will sell Bitcoin and Ethereum in his personal portfolio, it is highly unlikely since the BTC and ETH in his hands will represent a small amount for such a large funding.
Musk’s personal portfolio bitcoin and EthereumUnfortunately, we won’t be able to get an answer to this question unless Musk clarifies it, as there is no obligation to notify the SEC regarding matters.