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.
- While these wallets are not connected to crypto exchanges, indicating no immediate plans to sell, the move has sparked curiosity about Tesla’s future plans for its Bitcoin holdings.
- Tesla originally bought US$1.5 billion worth of Bitcoin in 2021, selling 10% that year and 75% in 2022.
After two years of hibernation, American EV automotive company Tesla has transferred all of its Bitcoins (BTC), valued at around US$765M (AU$1.14B).
Tesla originally bought US$1.5B (AU$2.25B) worth of BTC in 2021, but has sold significant portions since then. First, the company sold 10% of its Bitcoin in…
