On-chain data indicates that Tesla Inc. has retained its entire Bitcoin holdings, dispelling recent speculation about a potential sale.
Blockchain analytics firm Arkham Intelligence clarified that Tesla moved its Bitcoin holdings to new wallets, suggesting strategic repositioning rather than liquidation.
The Bitcoin holdings were redistributed across seven wallets, with the majority of them holding round numbers of BTC.
Speculation suggests that Tesla may have transferred its BTC to a custodian to secure a loan, leveraging crypto assets for liquidity without selling them outright.