Tesla has just transferred all 11,500 BTC worth about $760 million, according to Arkham Intelligence. The transactions took place on October 15, after two years of inactivity. Tesla's wallet balance is currently at zero.
There has been a lot of speculation about the move, from Tesla holding BTC directly, selling it, to preparing to accept Bitcoin payments. Some have suggested that Elon Musk could use BTC as collateral.
Bitcoin's price has been volatile, peaking at $67,800 before falling below $65,000, and currently trading around $67,000.
🔍 What's next for Tesla and Bitcoin? 🌐