Tesla moves entire $765M Bitcoin stash to unknown wallets
Before the mass transfers, Tesla’s Bitcoin wallet had remained dormant since June 2022.
Electric vehicle maker Tesla has transferred its entire Bitcoin stash worth over $765 million to several unknown wallets.
Crypto wallets labeled as owned by Tesla moved virtually all of the company’s 11,500 Bitcoin (BTC) on Oct. 15 across 26 transactions, including test transfers, according to data from Arkham Intelligence.
The first test transfer was made on Oct. 15 at 8:41 pm UTC, and the wallet currently holds just $6.68 worth of Bitcoin.
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Author: Brayden Lindrea
