After Dorsey NFT Tweet Gets Low Bids, Disgruntled Owner Says ‘I Might Never Sell It’

Malaysia-based Iranian Sina Estavi, the CEO of blockchain company Bridge Oracle, bought an NFT of Twitter founder Jack Dorsey's first-ever tweet for $2.9 million and now is struggling to sell it for the minimum price of $25 million.

"The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it," Estiva told CoinDesk.

The deadline to purchase the tweet-NFT was Wednesday night, with the highest bid at a low of $280. Since then the highest bid has gone up to $10,219.27, which equates to a 3.3 Ethereum (ETH).

Estavi has two days to accept or reject the highest bid offer. The goal was to sell the NFT for charity, but now it does not look like Estavi will get as much for it as he expected.

The tweet-NFT reads, "just setting up my twttr," from Dorsey when Twitter first went live in March 2006. Dorsey auctioned off the NFT version of the tweet last year for charity, and Estiva was the highest bidder.

When Dorsey first put the tweet-NFT up for auction, the offer prices ranged from $1 to $3,500. But it ultimately went up for millions with Estiva as the winning bidder.

Estiva previously compared the tweet-NFT to a Mona Lisa painting when he first purchased it.

Now, he thinks "the value of this NFT is far greater than you can imagine and whoever wants to buy it must be worthy," Estiva told BBC.

"I think someone like Elon Musk could deserve this NFT," he added.

As Tesla CEO and Space X founder, Musk has been throwing his power and wealth around at Twitter. After previously purchasing a 9.2% stake in the company, then turning down a position on the board of directors, he announced on Twitter that he offered to purchase the social media company for $54.20 a share, or $41.39 billion.