Twitter (TWTR  ) co-founder and former CEO Jack Dorsey's first tweet NFT, which was initially sold by Dorsey for $2.9 million in ether, recently lost millions in dollars in value, and is now only worth thousands of dollars.

The tweet, made about 15 years ago ("just setting up my twttr") was bought by cryptocurrency entrepreneur Sina Estavi for 1,630.58 ether, which is equivalent to $2.9 million, last year. Dorsey converted the NFT's proceeds to Bitcoin and sent them to GiveDirectly Africa Response fund for COVID pandemic relief. The tweet was sold on a "Valuables" platform, run by Cent, which is a social media network run by blockchain.

This past Wednesday, Estavi placed the tweet on an auction that lasted for seven days, later tweeting that he planned to donate 50% of the anticipated auction money to charity organizations. According to CoinDesk, by the time the auction was finished, the highest bid was $280. Estavi can decide whether or not he would like to take or deny each of the bids. Since the auctions have been occurring on the NFT marketplace OpenSea, he has a wide array of bids that come through. At the moment, the highest bid for the tweet is $4,631, or 1.5 ether.

"The deadline I set was over, but if I get a good offer, I might accept it, I might never sell it," Estavi told CoinDesk through a WhatsApp (FB  ) message this past Wednesday.

As reported by the BBC, Estavi, who is the CEO of the blockchain Bridge Oracle, said he "may never sell" the tweet until he obtains a "high bid" of an unknown amount. Estavi does not seem overly concerned with the tweet's drop in price, however, given that he made a tweet that stated that "maybe Elon will buy it," given that Elon Musk was recently announced as the highest bidder for Twitter this past Thursday.