Data: Tesla transfers over 10,000 bitcoins to an unknown wallet, with a total value exceeding 700 million dollars

2024-10-16 08:33:13

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ChainCatcher news, according to Cointelegraph, electric vehicle manufacturer Tesla transferred all of its Bitcoin holdings to multiple unknown wallets on October 15, with a total value of over $765 million. According to data from Arkham Intelligence, Tesla moved approximately 11,500 Bitcoins through 26 transactions (including test transfers). Prior to this massive transfer, Tesla's Bitcoin wallet had been dormant since June 17, 2022.

There are currently no signs that these Bitcoins have been transferred to cryptocurrency exchanges, and Tesla has not publicly disclosed any plans to sell cryptocurrency. Before the transfer, Tesla was the fourth largest Bitcoin holder among publicly traded companies, behind MicroStrategy, Marathon Digital, and Riot Platforms.

It is reported that Tesla first purchased $1.5 billion worth of Bitcoin in February 2021. Subsequently, the company sold 4,320 and 29,160 Bitcoins in March 2021 and 2022, respectively. Tesla CEO Elon Musk briefly accepted Bitcoin as a payment method for company vehicles but canceled this decision a few weeks later.

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