Elon Musk's Tesla has reportedly sold off 70% of its Bitcoin (BTC) portfolio, demonstrating cautiousness before selling the remaining holdings.
There's been a reluctance to fully "hodl", as the early sales have led to a missed gain of over $300 million.
Tesla's significant venture into Bitcoin started in February 2021 with a $1.5 billion investment when the BTC price was about $36,000.
Since Tesla's first Bitcoin balance report on February 8, 2021, the company's stock price has decreased almost 40% compared to Bitcoin.