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Tesla holds firm on Bitcoin despite wallet shuffle – Arkham Intelligence

  • Tesla maintains its remaining Bitcoin holdings despite recent wallet transfers that triggered speculation of a potential sell-off, according to blockchain analytics platform Arkham Intelligence.
  • The transfers involved sending Bitcoin to seven different wallets, with test transactions conducted and the Bitcoin still owned by Tesla.
  • Five wallets contain Bitcoin valued at over $100 million each, while the remaining two hold $87.6 million and $74.1 million respectively.
  • The recent transfers are speculated to be related to a Bitcoin-backed loan, and Tesla has not issued an official explanation for the transfers.

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