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Is Elon Musk Dumping Bitcoin? Tesla Moves Entire $765 Million BTC Stash To Unknown Wallets

  • Tesla, led by Elon Musk, transferred its entire Bitcoin stash worth over $760 million to unknown wallets, raising speculation of a potential sale.
  • The sale of these coins could have a negative impact on the market as Tesla is the fourth-largest publicly listed U.S. company in terms of Bitcoin holdings.
  • It is unclear whether the transfer is for internal account shuffling or a sign of Tesla planning to dump the Bitcoin.
  • Tesla's previous purchase of $1.5 billion worth of Bitcoin in 2021 and subsequent sale of a portion raised questions about its stance on cryptocurrency.

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