Buyer of Jack Dorsey’s ‘first tweet’ NFT wants to sell it for $48 million, but only saw a highest bid of $270. He called on Elon Musk


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A crypto entrepreneur, who bought the non-fungible token, or NFT, of Twitter
TWTR,
-0.74%

cofounder Jack Dorsey’s first tweet for $2.9 million, hoped to resell it for $48 million. But when the initial deadline he set expired on Wednesday, the highest bid stood at less than $300. 

Sina Estavi, chief executive at Malaysian crypto project Bridge Oracle, relisted the NFT, which he bought in March 2021, at marketplace OpenSea for $48 million last week. In the 2006 tweet, Dorsey wrote “just setting up my twittr.”

Estavi also said on Twitter that he would donate 50% of the proceeds to charity.

However, as of Wednesday, the deadline Estavi initially set, he only received seven total offers that range from 0.09 ETH
ETHUSD,
-3.06%
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or $274, to 0.0019 ETH, or $5.80, according to a report by CoinDesk

Estavi doesn’t seem discouraged. “The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it,” he told CoinDesk. More bids have come in since Wednesday, with the highest one offering 3.3 ETH, or about $10,048.

Estavi also called on Elon Musk, currently Twitter’s largest shareholder, to bid for the NFT. Musk disclosed last week that he had purchased 9.2% of Twitter’s outstanding stock, and on Thursday, revealed a bid to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own.

“It’s not good if the owner of the whole Twitter does not own the first tweet :)” Estavi tweeted Thursday.

Though Estavi owns the digital asset representing Dorsey’s tweet, it is unclear if he owns the copyright of it. Dorsey or Twitter could choose to remove the tweet.

Estavi has not responded to a request seeking comment.



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