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Tesla Stirs Crypto Market by Relocating Nearly All Its Bitcoin After Two-Year Hibernation

  • 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.

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