Tesla transferred around US$765 million worth of Bitcoin to new, undisclosed wallets, its first activity in two years.
Tesla originally bought US$1.5 billion worth of Bitcoin in 2021, selling 10% that year and 75% in 2022.
The move has sparked curiosity about Tesla’s future plans for its Bitcoin holdings, although the transferred wallets are not connected to crypto exchanges, indicating no immediate plans to sell.
Tesla's recent Bitcoin transfer comes as the cryptocurrency recently surged in value, appreciating over time.