Elon Musk’s Tesla Still Holding $772,500,000 in Bitcoin in Seven Wallets After Massive Coin Shuffle: Arkham

Electrical car big Tesla possible nonetheless holds $772.5 million in Bitcoin (BTC), in response to the crypto deanonymizing platform Arkham.

Final week, Arkham flagged a sequence of on-chain transactions indicating Tesla had moved its trove of 11,509 BTC for the primary time in two years.

Nevertheless, the receiving addresses seem like new wallets owned by Tesla, in response to the crypto platform.

“The Bitcoin has been cut up between 7 wallets holding 1100 and 2200 BTC. All holding wallets obtained check transactions and all however one maintain a spherical variety of BTC.

Tesla’s BTC is at present held at:
1Fnhp – 2109.3 BTC ($142.2 million)
1LERL – 1900 BTC ($128.1 million)
1D6Vh – 1800 BTC ($121.3 million)
16QZn – 1700 BTC ($114.6 million)
1QC2z – 1600 BTC ($107.8 million)
1Phab – 1300 BTC ($87.6 million)
1MGM8 – 1100 BTC ($74.1 million)

Some have speculated that that is motion to a custodian, for instance to safe a mortgage towards the BTC.”

Tesla purchased $1.5 billion value of Bitcoin in January 2021 after which offered off $272 million value of BTC that very same yr and one other $936 million in BTC in 2022.

The automobile firm is at present the fourth-biggest company proprietor of the main crypto asset by market cap, in response to BitcoinTreasuries.net.

In 2021, Tesla additionally briefly enabled clients to pay for purchases utilizing BTC, however the agency axed that characteristic later that very same yr, citing local weather issues relating to Bitcoin mining. Tesla chief govt Elon Musk said on the time that the corporate would possible resume accepting Bitcoin funds as soon as the mining course of grew to become extra environmentally pleasant.

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