While TSLA doesn't have the diamond hands we all hoped they did, MSTR definitely does

TSLA reported earnings a few days ago and the major reveal was that they had sold roughly 10% of their bitcoin holdings.

This after buying them less than a year prior.

While 10% doesn't sound like much, it showed that TSLA was more interested in the USD value of those holdings than they were interested in hodling it to change the world.

That being said Elon Musk went to twitter to explain that they had sold the 10% in order to prove the liquidity of the bitcoin markets, possibly to the board members...

Either way, MSTR will be doing no such tests...

(Source: https://www.thestreet.com/crypto/bitcoin/microstrategy-wants-to-buy-even-more-bitcoin)

They key takeaway?

The continue to buy bitcoin, even at the highs, and continue to hodl every single one.

Their business is growing revenue, though modestly, and they are using that revenue to buy more and more bitcoin.

No bitcoin ETF, no problem, MSTR is essentially a bitcoin ETF.

It will be interesting to see what happens to their stock price when/if a bitcoin ETF eventually gets launched here in the US.

On that note, the fun is starting to begin again:

(Source: https://twitter.com/TheMoonCarl/status/1388129794869575698/photo/1)

Inverse head and shoulder pattern is breaking to the upside right now, and it has plenty of room to run.

Measured move takes it back near the all time highs.

Stay informed my friends.

-Doc