Tesla has transferred its entire Bitcoin stash worth $760 million to undisclosed wallets, sparking speculation about internal reorganization or market exit.
Under Elon Musk's leadership, Tesla has been a prominent player in the cryptocurrency market, with a $1.5 billion Bitcoin investment in 2021.
The timing of the transfers aligns with the rise in Bitcoin's value, leading to questions about Tesla's intent. Analysts believe selling is possible but with a modest impact.
While some speculate a shift towards self-custody, others see the transfers as internal strategy rather than an exit from the crypto market.