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Just now, just exactly a day after Bitcoin established a new ATH level at $ 61,683. Tesla CEO, Elon Musk and Chief Financial Officer Zach Kirkhorn changed their positions to “King of Technology” and “General Manager of Money” respectively.
Elon Musk’s love affair with cryptocurrencies shows no signs of end, after filing with the US Securities and Exchange Commission (SEC) announcing the acceptance of new official titles to him and his friend. Companion CFO, Zach Kirkhorn.
Tesla’s CFO is now called the “Master of Coin” as filed with the SEC. pic.twitter.com/o2G4pw4dRm
– Documenting Bitcoin 📄 (@DocumentingBTC) March 15, 2021
The change was announced in Tesla’s latest 8-K filing submitted to the SEC on March 15. Musk and Kirkhorn will maintain their respective positions as CEO and CFO. In the 8-K file clearly states:
“The official announcement took effect from March 15, 2021, the positions of Elon Musk and Zach Kirkhorn were changed to” King of Technology “and” General Manager of Money “respectively.
It is not clear whether the title “The Money Manager” refers to Bitcoin, but this is a character in the popular series “Game of Thrones” where “The Money Manager” is in charge of the royal treasury and advises the monarch on financial matters.
Zach Kirkhorn, CFO, advises Tesla on investments and financial matters. Earlier this year, Tesla invested $ 1.5 billion in its cash back up in Bitcoin as part of its corporate treasury management.
After the sharp decline in Bitcoin and Tesla stock price, Elon Musk lost the title of “richest person in the world”. Neither Bitcoin nor Tesla has been in the doldrums for too long, however, as the price of BTC has quickly revived which has brought big profits for Musk and the company.
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