CNBC’s Jim Cramer stated Wednesday he trimmed a few of his ether holdings after the world’s second-largest cryptocurrency by market worth notched a series of record highs.

“I offered half my Ethereum yesterday … and I put some cash right down to personal a Hummer,” Cramer stated on “Squawk on the Street,” referring to the upcoming all-electric vehicle from General Motors, which comes as a pick-up available in the fall and a SUV in early 2023. Each begin at greater than $100,000.

“Why not purchase a automotive” with my ether, the “Mad Money” host quipped. Requested concerning the magnitude of his crypto publicity CNBC’s David Faber, Cramer stated he owned “sufficient to do the job.”

Cramer stated Tuesday on CNBC that he owned “a lot” of ether, which is the digital foreign money that runs on the Ethereum blockchain. He stated he initially purchased ether in March so he may take part in an public sale for nonfungible tokens, or NFTs, put up for sale by Time magazine.

Ether traded round $1,900 per token by the top of March, rallying greater all through April and into Could. On Tuesday, the cryptocurrency broke above $3,500 apiece. Ether, which ended 2020 at round $740, was buying and selling under $3,400 on Wednesday morning, placing its year-to-date acquire above 350%.

Cramer’s choice to dump a few of his ether holdings comes after he said in a video Monday for his monetary information web site The Avenue that he was “not promoting it.”

The “Mad Money” host typically stresses to viewers the should be disciplined about taking profits once they rack up main paper income in shares. Traders haven’t made cash till “the cash leaves the inventory market and will get into your checking account,” he said on CNBC last year.

Seemingly, Cramer took his personal recommendation this week on ether and final month bitcoin, promoting a few of his holdings of the world’s largest cryptocurrency to pay off a home mortgage.

Cramer has additionally recently become more bullish on crypto, believing traders ought to maintain some bitcoin as one different to a money place.

He is additionally spoken favorably about Coinbase, one of many world’s largest cryptocurrency exchanges, which went public in a direct itemizing final month. Coinbase hit an all-time excessive of $429 per share throughout its first day of buying and selling. Since then it has dropped, buying and selling 11% above its reference value of $250.