Cryptocurrency Elon GOAT Goes Unseen by the Millionaire

The cryptocurrency entrepreneurs behind Elon GOAT Token created a sculpture in Musk's honor.

After spending more than $600,000 creating a 30-foot-long, 12,000-pound metal sculpture of Elon Musk headed goat riding a rocket, the cryptocurrency entrepreneurs failed to get the response from the billionaire as they had hoped. Self-described Musk fan Ashley Sansalone, along with a team of enthusiasts including Alec Wolvert and Richie Latimer, created the statue to promote their cryptocurrency, Elon GOAT Token, and hoped that an acknowledgment from Musk would boost the value of their digital asset.

The head, designed by metal sculptor Kevin Stone in British Colombia, Canada, took nearly six months to bring together, per The Wall Street Journal. The rest of the parts were built in Phoenix, Arizona to speed up construction.

According to The Wall Street Journal, the creators of "Elon GOAT" claim that the name of their cryptocurrency was inspired by their admiration for Musk, whom they and other fans believe is the "greatest of all time", or a "GOAT".

They delivered it to Tesla's headquarters in the hopes that Musk would accept the gift.

Elon GOAT co-founder and chief marketing officer Alec Wolvert said they planned to camp out on public land off a toll road overlooking the headquarters until Musk accepted the sculpture, the report added.

"We're gonna stay here as long as possible. I even heard some people say they were going to strap themselves to it," Wolvert was quoted as saying.

The idea of the sculpture came together last year. "It was an evening joke that kind of just came to fruition," said Ashley Sansalone, an Elon GOAT co-founder.

"Elon tweeting us would legitimize the token," he added