Bitcoin: Here's What Elon Musk's Tesla Is Doing With Its BTC
Elon Musk’s Tesla is one of the largest Bitcoin (BTC) holders. According to Arkham, the company owns more than $770 million worth of coins. Tesla recently moved all of its holdings from its public wallet via several transactions, causing a stir in the market. Also Read: Tesla Q3 Earnings To Make TSLA A Magnificent 7 Stock? Market participants may have been worried about Tesla’s BTC movements, with some believing that the company would sell ahead of its quarterly earnings report on Wednesday. According to a recent X post by Arkham, the company may have been rotating its wallets, and the firm still owns the coins. 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗧𝗘𝗦𝗟𝗔 𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗪𝗔𝗟𝗟𝗘𝗧𝗦 We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla. Tesla moved their entire balance of 11,509 BTC ($776.9M) to new wallets. pic.twitter.com/aWeHrwjo22 — Arkham (@ArkhamIntel) October 22, 2024 Did The Movements by Elon Musk...