Damn am I the only one that thinks that selling a portion of the Bitcoin position only a few months later is not good news? Everyone woke that that locking in profits is a prudent move but who are we kidding

Really the narrative on the market has been that companies will come in and hold this with a multi-year mandate. Taking some short-term profits does not help that in any way.

I mean it's obvious that Tesla likely had a risk management mandate for taking profits or losses if BTC moved by X%. Also helps that they needed profits to prop their results. But the example was MicroStartegy and Square who have both held for a while and haven't sold