Elon Musk’s love affair with cryptocurrency exhibits no signal of ending after a submitting with the US Securities and Change Fee introduced the adoption of new official titles for him and a fellow Tesla govt.
Beginning Monday, Elon Musk will carry the official title of “technoking of Tesla,” whereas the agency’s chief monetary officer, Zack Kirkhorn, will formally be generally known as “master of coin.” The 8-Ok kind filed with the SEC states:
“Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively.”
The submitting additionally states that Musk and Kirkhorn will retain their present respective positions as CEO and chief monetary officer.
With no signal of an accompanying tweet that the Tesla CEO has develop into well-known for, onlookers can solely speculate as to why Musk and Kirkhorn have adopted the new titles.
In early February, Bitcoin’s (BTC) spot value elevated by $3,000 in a matter of minutes when information broke concerning Tesla’s acquisition of $1.5 billion price of BTC, sending the coin’s value to a new all-time excessive within the course of.
After a pointy dip within the worth of Bitcoin — and Tesla’s inventory value — the title of “world’s richest man” was briefly misplaced from Elon Musk’s resume. Nonetheless, neither Bitcoin nor Tesla spent too lengthy within the doldrums, as a resurgent coin value quickly returned wholesome earnings to Musk and the corporate. On Saturday, Bitcoin as soon as once more soared to a new all-time excessive when the coin value flirted with the $60,000 vary for the primary time in its historical past.