Traders in the sector are confused about the possibility of Tesla selling its BTC holding

The giant electric vehicle manufacturer - Tesla - contributed to increasing the value of Bitcoin thanks to its initial investments, which amounted to $1.5 billion in February of 2021, which caused the price of BTC to rise to the level of approximately $37,000. These investments reflected a significant increase in institutional interest in the sector leader. However, the company's decision to sell about 10% of its BTC holdings during March 2021 at a price of just over $60,000 turned out to be ill-advised given the price rose shortly after it made the sale.

After the value of Bitcoin fell below the $20,000 mark by June of 2022, the company reduced its investments in this currency by selling a large portion of its holdings. If Tesla had kept its original balance of 43,200 BTC - at that time - the value of its investment would have amounted to approximately $2. One billion dollars in early 2024.

Source: Bitcointreasuries The company now has only 9,720 BTC left with a total value estimated at $400 million, and traders in the crypto sector are eagerly awaiting the car manufacturing giant's next move due to its potentially significant impact on the value of Bitcoin.