Tesla Retains $780M in Bitcoin Amid Wallet Transfers

The electric vehicle giant moved its Bitcoin holdings to new wallets, maintaining control over its cryptocurrency assets.

Tesla moved its entire Bitcoin reserve, totaling 11,509 BTC, to new wallets, sparking market speculation.
The transfers, identified by Arkham Intelligence, are believed to be internal rotations rather than sales.
Tesla's Bitcoin holdings are now distributed across seven wallets, with values ranging from $74 million to $142 million each.
Despite the wallet movements, Tesla's Bitcoin remains unsold, with no transfers to exchanges indicating liquidation intentions.
Tesla's Bitcoin journey began with a $1.5 billion investment in 2021, and the company remains one of the largest corporate holders of the cryptocurrency.