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Elon Musk’s Tesla Shifts $760 Million in Bitcoin for the First Time in Two Years

  • Tesla has transferred all of its Bitcoin holdings, valued at over $765 million, to multiple unknown wallets.
  • The transfer took place on October 15 through 26 transactions, with the company's Bitcoin wallet now having only $6.68 worth of cryptocurrency left.
  • The destination of the Bitcoin funds is unknown, leading to speculation that Tesla may have sold it to another party or is preparing for an over-the-counter (OTC) deal.
  • Tesla's relationship with Bitcoin has been mixed, from initially buying $1.5 billion worth of Bitcoin to selling portions of it and halting Bitcoin payments for its vehicles due to environmental concerns.

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