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Tesla Transfers Over 11,500 BTC ($760M) to Unknown Wallets in First Move Since 2021

Oct 15, 2024, 09:34 PM

Tesla Inc. has transferred over 11,500 Bitcoin, valued at approximately $760 million, to unknown wallet addresses, marking its first significant Bitcoin movements since 2021, according to data from Arkham Intelligence. The company initially moved $225 million worth of Bitcoin, followed by additional transfers of $275 million and $260 million, bringing the total to over $760 million. The Bitcoin was moved to unknown wallets, and Tesla's previously known wallets now hold minimal balances. This activity has led to speculation about Tesla's intentions with its Bitcoin holdings. The company has not issued an official statement regarding the transfers.