Tesla Sells Some Bitcoin

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Despite the myth being propagated around that institutions well never sell Bitcoin, we have discussed that this is simply not true and that many institutions will still sell if they feel the time is right to take some profits off the table. In the recent earnings report by Tesla, it appears that they sold a modest $272M worth of Bitcoin in Q1. Perhaps it's nothing to get out of bed for, but hopefully this clears up the myth that institutions will only ever buy and not sell Bitcoin.

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