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He sold not only his iota bag but all the crypto currencies he owned. Here is an official tweet from him.
Today is my last day of working on cryptocurrencies. I don't own personal cryptocoins anymore. My projects use #IOTA which is the best distributed registry technology to date.
https://twitter.com/c___f___b/status/1192239479760834560That he emphasizes that he no longer owns crypto currencies
personally does not mean that his company still no longer owns iota/crypto currencies.
Also, months ago, when he stepped back from foundation he said that he has dedicated his thirties to the blockchain development. Its fourties will be dedicated to game development (his new baby
Paracosm which will use IOTA by the way). CfB
turned 40 on 8th November 