Overview
- He disclosed on X that he sold Bitcoin bought near $6,000 for roughly $90,000 per coin, totaling about $2.25 million.
- He says the proceeds will buy two surgery centers and a billboard business expected to generate about $27,500 a month by February 2026, with the “tax-free” outcome dependent on structure and jurisdiction.
- He reiterated that he remains bullish on Bitcoin and plans to repurchase using the new cash flow rather than personal savings.
- The sale was announced during a steep market pullback, with Bitcoin more than 30% below its October peak near $126,000 and the Fear & Greed Index around 11 signaling extreme fear.
- Coverage notes heavy ETF activity, including $238.4 million in Friday inflows and a record $11.5 billion in daily ETF trading volume, as outlets characterized his move as tactical profit-taking rather than a crypto exit.