Crypto Daily – In a significant move, Tesla has transferred nearly all of its holdings to unknown wallets after two years of inactivity.
Details of the Transfer
On Tuesday, wallets associated with the electric car giant shifted over 11,500 bitcoins to undisclosed addresses, according to data from crypto analytics firm Arkham Intelligence. The transfer leaves Tesla with just $6.65 worth of Bitcoin, an amount deemed negligible, sparking interest in the crypto community.
Arkham Intelligence reports that the bitcoins were moved to wallets not linked to any known crypto exchanges. This indicates that Tesla may not be preparing for an immediate sale. However, market observers are speculating that the transfer could be a precursor to a future sale of the cryptocurrency, as the company has made no official statement regarding its intentions.
Tesla’s Bitcoin History
Tesla has been a prominent Bitcoin holder since 2020 when it disclosed the acquisition of $1.5…
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