🚨🚨 Tesla Transfers $765 Million in Bitcoin to Unknown Wallets 🚨🚨

1. Tesla's Bitcoin Transfer:

Tesla moved over $765 million in Bitcoin (11,500 BTC) to multiple unknown wallets on October 15, 2024.

The transfer was executed in 26 transactions, including a test transfer.

2. Dormant Wallet Activity:

Prior to this transfer, Tesla's Bitcoin wallet had been inactive since June 17, 2022.

3. Test Transfer Details:

The first test transaction occurred on October 15 at 8:41 PM UTC.

After the transfers, Tesla’s wallet holds only $6.68 worth of Bitcoin.

4. No Indication of Selling:

There is no evidence that Tesla moved the bitcoins to crypto exchanges, and no public disclosure of any plans to sell the assets.

5. Uncertainty Around Ownership:

It remains unclear whether Tesla still controls the 11,500 BTC, making it the fourth-largest bitcoin holder among public companies.

6. Tesla’s Bitcoin History:

Tesla first acquired $1.5 billion worth of Bitcoin in February 2021.

It sold 4,320 BTC in 2021 and another 29,160 BTC in 2022.

Tesla’s CEO Elon Musk briefly accepted Bitcoin for vehicle purchases in March 2021, but later reversed the decision.

7. SpaceX’s Bitcoin Holdings:

SpaceX, another company led by Musk, holds 8,285 bitcoins, valued at over $553 million, making it the seventh-largest private bitcoin holder.

8. Financial Disclosure Expected:

More details about Tesla’s Bitcoin transfers and whether it sold its holdings may be revealed in its Q3 financial report on October 23, 2024.

9. Bitcoin Price Unaffected:

Despite the large transfer, Bitcoin’s price remained stable, currently trading at $66,790, up 1% in the past 24 hours according to CoinGecko.

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