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Sina Stowe lost $2.9 million by buying Jack Dorsey’s first tweet NFT

The Spring 2022 auction held by Stowe ended in a ridiculous fashion. At the time, the best bid for Jack Dorsey’s Tweet NFT was 2.2 ether, worth $6,800. The nearly three million dollar drop in price of NFTs purchased by Stewie in just one year is incredible.

Sina Stowe also tried to sell NFT in 2023. This time, the best offer on the OpenSea market was lower than before and reached only 0.09 ether equivalent to $277.

The other day media such as CNBC It was reported that Stowe has once again auctioned Jack Dorsey’s NFT tweet. Quickly, headlines such as “value drop from 2.9 million dollars to only 4 dollars” hit the internet.

A review of the auction in OpenSea shows that after the bid of four dollars, a bid of one ether (equivalent to $1,895) has now been registered; That means 99.93% less than what Stowe paid in 2021.

Sina Stowe said last year that he wouldn’t sell NFT to just anyone: “I don’t care who wants to buy NFT. I don’t sell this NFT to anyone because I don’t think anyone deserves this NFT.”


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