Tesla moves $765 million in Bitcoin to unknown wallets, putting Musk’s crypto plans in the spotlight
Elon Musk’s curious relationship with crypto has taken another turn. According to blockchain analytics platform Arkham Intelligence, the company has moved approximately $765 million worth of Bitcoin to unknown wallets. It’s unclear whether the EV maker, the fourth-biggest holder of Bitcoin among U.S public companies, per BitcoinTreasuries, has plans to sell.
Tesla did not immediately respond to a request for comment or confirmation of the transfer. Among U.S. public companies, only software company MicroStrategy and Bitcoin mining firms MARA Holdings and Riot Platforms hold more of the cryptocurrency.
Tesla’s Bitcoin represents significantly less than 1% of its nearly $700 billion market capitalization, however. For those other…
