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  1. I think we all are about the the moment when Tesla announced that they had bought btc worth 1.5BILLIONS. And according to the commitment shown by the Elon Musk at that time, Noone had thought they would start profit booking from this early. Recently Tesla released it's Q1 Report and there we can clearly see that the Tesla sold 272 Millions worth of BTC from the btc that they had bought back at total cost of 1.5 Billions. It is good strategy for a company as by selling only 10% Of their btc, they are able to return around 18% of their invested amount. We can see they are booking huge profit and I am sure in the coming time after another hit of bitcoin they would book more and more profit. In the picture below which is the Tesla Q1 Report, you can see about this action. Be sure to look in circle. If you like to watch from visiting the link, you should jump to page number 26 and look in line 15. NOTE EVERY NUMBER IS IN MILLIONS IN THE SHEET. source-https://tesla-cdn.thron.com/static/R3GJMT_TSLA_Q1_2021_Update_5KJWZA.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D"TSLA-Q1-2021-Update.pdf" Good Perspective of this: This would inspire other company to invest in the Bitcoin because the profit they are getting through investment in the btc will attract other companies too. And as the BTC is becoming a best store of value we can say that there would be increase in demand because of involvement of other companies into adding BTC in their balance sheet. Bad Perspective: This type of profit booking would cause the small shake off in the market. I am sure the last dip of Bitcoin is because of the action from tesla. And if company start profit booking then the retail investors will follow the same as fomo already started. Elon Musk Answer to this : In a tweet Elon Replied that for showing the liquid nature of btc tesla had sold and Elon isn't selling any of his btc holdings. But selling 10% of Btc holding for proving the liquid Btc seems a unacceptable reason at least for me. You can look into his tweet below. https://twitter.com/elonmusk/status/1386821144037236737?s=20 So what do you think about this move of TESLA.INC? Is this only to show Btc is liquid or Companies are looking for profit booking and slowly selling their Btc holdings?
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