<ul><li>Tesla, owned by Elon Musk, still owns 11,509 Bitcoins worth over $776.9 million.</li><li>Analytics firm Arkham Intelligence clarified that the recent wallet movements by Tesla were just rotations and the Bitcoin is still owned by the company.</li><li>The coins were moved to new wallets, with test transactions done on each. This suggests strategic wallet rotations rather than selling.</li><li>Speculations arise that the Bitcoin may have been transferred to a crypto custodian, possibly to secure a loan against Bitcoin.</li></ul>

Elon Musk’s Tesla Still Owns 11,509 Bitcoin Despite Recent Surprise Shuffle, On-Chain Data Shows

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