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I see Tesla's decision to sell Btc as somewhat a smart move. Since Musk cares more about production and services than currency, and Bitcoin is just treated as "funny money" and "highest risky asset" out there, they sure would like to be more cash positive than holding Bitcoin.
If they gained some profit out of it, that's good.
If they lost some, and still kept good amount of cash from it, seeing they sold avg at 29k which is not bad, that's good too.
as things are moving towards, cash possibly remains king in such environment.
Pretty sure they will take another turn if they think otherwise that holding cash is bigger risk, like in terms of inflation going too high too quick, which is also very possible in coming months.
Also these moves are pretty big and major holdings
such big companies will keep shuffling on and off over the years.
