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Amid the height of the crypto carnage Wednesday morning, Musk shared a tweet that seemed to imply Tesla was going to hold onto rather than sell its stake in Bitcoin -- a message conveyed via emojis depicting a diamond and hands.

\"Diamond hands\" is internet jargon that emerged from the subreddit r/WallStreetBets (known for its GameStop short squeeze fame) that refers to someone who is willing to hold onto a stock, despite risks or losses, for a long-term goal.

Tesla has invested at least $1.5 billion in Bitcoin, according to a February SEC filing.

Cryptocurrency investments have soared in popularity in recent months, especially among individual investors as platforms such as Robinhood -- and subsequently Venmo and PayPal -- have made the currencies more easily accessible.

Just last month, Coinbase became the first major digital currency platform to go public in the U.S. with a listing on the Nasdaq.

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