The entrepreneurs behind "Goatsgiving" spent more than $600,000 to create a sculpture of Musk's head on a goat's body, but failed to impress the billionaire.

The statue was created by a team of enthusiasts, including a self-proclaimed Musk fan, and they hoped that an acknowledgment from Musk would increase the value of their digital asset.

—Elon Goat Token (@ElonGoatToken) November 26, 2022

The statue was dedicated to Elon Musk because he blew everything up when he took over the company. We decided to go above and beyond and bring something to him because he has done so many things with cryptocurrencies.

The creators of the "Goatsgiving" event that was intended to capture Musk's attention "delivered" the Musk statue to the company's headquarters in Austin.

Musk had yet to acknowledge the publicity stunt intended to honor him.

—Elon Goat Token (@ElonGoatToken) November 26, 2022

The representatives for the company did not respond to the requests for comment.

The community on Telegram expressed disappointment that Musk didn't acknowledge the crowd-funded statue bearing his likeness, with some users expressing frustration at the billionaire's lack of response in person or on social media.

—Elon Goat Token (@ElonGoatToken) November 16, 2022

They did not respond to Insider's requests for comment.