Tesla Inc. has transferred its entire Bitcoin holdings of 11,509 BTC, valued at $776.9 million, to seven new wallets, according to data firm Arkham Intelligence. The electric car manufacturer, led by CEO Elon Musk, moved the cryptocurrency last week after two years of inactivity. Arkham reports that the transactions were likely internal shuffling or wallet rotations, indicating that Tesla still owns the Bitcoin. The move dispels speculation that the company had sold its holdings.
