Tesla holds its coins without moving, losing 173 million dollars! If you were CEO, would you liquidate and run?

TSLA’s 2026 Q1 earnings report is out:

- Bitcoin is still the same 11,509 coins—no buying, no selling

- Coin price: 90,000 → 68,000

- Tax-after-loss provision: 173 million dollars

You read that right. Did nothing at all, and lost “a small fortune.”

After the earnings report came out, Tesla’s stock price rose 4%.

The market says: It’s fine—just make money with the main business. Bitcoin? Just treat it like buying a lottery ticket and losing.

But what is Strategy doing on the other side?

In the same quarter, Strategy blew 25.4 billion USD and continued to add positions.

Coin price drops? Buy.

Market panics? Buy.

Earnings pressure? Buy.

One side says: “I don’t move—I lose.”

The other says: “I go all in—I’ll take it.”

Two extreme paths are laid out in plain sight.

If you were CEO, which one would you choose?

Tesla’s problem isn’t losing 173 million dollars—it’s “having no strategy.”

You say you believe in Bitcoin—why not add more?

You say you don’t have confidence—why not sell it off?

You say you hold long-term—why not manage it as an asset?

“Not moving” isn’t a strategy; it’s just lying flat.

And Strategy’s problem isn’t about adding positions—it’s betting your life.

A company isn’t a personal wallet. You have employees, cash flow, and shareholders.

Using operating funds to bet on crypto price swings—if you win, it’s a story; if you lose, it’s an accident.

If I were CEO, what would I do?

Three steps:

1. Set a maximum position limit

For example: within 5% of the company’s cash. If it exceeds that, sell; if it’s below, don’t top up.

No fantasies, no panic.

2. Dynamic hedging

When the coin price rises to a certain level, sell part to lock in profits.

When it falls to a certain level, use options for protection instead of stubbornly holding on.

3. Show shareholders transparently

Every quarter, write clearly: why we hold the coins, what the risks are, and what the exit conditions are.

Let the market know you’re not gambling—you’re managing.#比特币反弹 $BTC