Tesla Moved Bitcoin Either Due to Compliance Requirements, Internal Audit, Capital Restructuring, or UTXO Merger
Tesla transferred $760 million worth of bitcoin this week, Oct. 17, sparking market speculation. Analysts believe that possible reasons include compliance requirements, internal audits, restructuring of funds, or Unexpended Transaction Output (UTXO) merger operations. However, the bitcoins have not yet been transferred to exchange wallets and there is no sign of a sale.
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