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Tesla Moves Nearly $776 Million Worth of Bitcoin to New Wallets, But Continues to Hold Stash

Tesla Moves Nearly $776 Million Worth of Bitcoin to New Wallets, But Continues to Hold Stash

CointimeCointime2024/10/23 11:36
By:Cointime

Last week, Tesla moved its Bitcoin holdings worth $776 million to new wallets, causing some market fluctuations. However, the company still owns the BTC and it remains unsold. The Bitcoin has been distributed into multiple wallets, with the largest holding between $121 million and $142 million. On-chain intelligence Arkham confirmed that Tesla continues to hold its Bitcoin stash and the recent wallet transfer did not indicate any plans for liquidation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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