Home news Elon Musk's Tesla Just Moved $765 Million in Bitcoin to Unknown Wallets

Elon Musk's Tesla Just Moved $765 Million in Bitcoin to Unknown Wallets

by Andrew Hayward
written by Andrew Hayward

Nearly all of Tesla's is on the move after two years of inactivity.

Wallets associated with 's electric car company, as labeled by Arkham Intelligence, moved approximately $765 million worth of Bitcoin—all but about $6 worth—to unknown wallets on Tuesday. The wallets appear to be new and are not known to be associated with crypto exchanges, so there's no immediate suggestion that Tesla is planning to sell the Bitcoin.

Decrypt reached out to Tesla for comment and confirmation but did not receive an immediate response.

Editor's note: This story is breaking and will be updated with additional details.

Source

Andrew Hayward

Andrew is the Culture Editor and Hub Operations Lead. He began writing crypto news in 2019 as part of a 15-year freelance career, which included bylines at Rolling Stone, Vice, Playboy, Polygon, and more. Andrew has also worked on a film and several books. Disclosure: No significant crypto holdings, but he owns some NFTs.

Related Posts

Bitcoin’s latest rally indicates investors primed for surge toward $80K before elections – Bitwise CIO

Grayscale Seeks to Convert Fund With Solana, XRP and Avalanche Into ETF

BlackRock CEO Larry Fink Declares Bitcoin an Asset Class Comparable to Gold

PEPE Price Prediction: Here’s Why the Meme Coin Could Rise By 50%

Coinbase Escalates SEC Fight Over the Agency's Inside Chatter on ETH

Bitcoin Whale Holding Satoshi-Era Stash Moves More Coins to Kraken