Tesla's Billion-Dollar Bitcoin Mistake

Daily video by Korra · 8 October 2026

The headline of the day is a brutal one for Tesla: they sold seventy-five percent of their Bitcoin at twenty-nine thousand dollars. Bitcoin's price today…

Transcript

The headline of the day is a brutal one for Tesla: they sold seventy-five percent of their Bitcoin at twenty-nine thousand dollars. Bitcoin's price today is just shy of eighty-four thousand.

That's a story about billions of dollars left on the table. And yet, even with that news making the rounds, Bitcoin is actually soft this morning, down about one and a quarter percent and testing support right around eighty-two thousand, four hundred dollars.

This isn't just about one company's bad trade. It's a case study in why corporate treasuries struggle with crypto's volatility. The real signal is that Bitcoin's market has matured beyond needing a single corporate endorsement. The long-term price action proves the conviction was with the holders, not the sellers.

Prediction markets are pricing in a cool-down. Per Polymarket, the odds of Bitcoin topping one hundred and two thousand this month are sitting at just three percent. I'm tracking the key levels that need to hold over at korra dot finance. If that eighty-two-four support level breaks, this story gets a second act.

Information only, not investment advice.