Tesla has reportedly moved its entire balance of 11,509 Bitcoin to new wallets, according to crypto tracking company Arkham. The move comes after two years of the coins remaining untouched and is believed to be a wallet rotation within the company. Tesla's Bitcoin investment, which was made in 2021 with a $1.5 billion bet, has seen the company sell most of its holdings due to concerns over the environmental impact of Bitcoin mining. Nonetheless, the value of Tesla's remaining Bitcoin has grown substantially and is currently worth approximately $776 million.
- Content Editor ( decrypt.co + 1 more )
- 2024-10-22
Elon Musk's Tesla Moved $776 Million in Bitcoin, But Is Still in Control of Wallets: Arkham