🚀🚀 Yes, it’s likely. Just 19 minutes ago, Tesla, owned by Elon Musk, saw movements in its Bitcoin wallets. Small transfers occurred to new addresses, a common practice among corporate entities and individual whales who often send minor amounts to addresses before executing large transfers. Once they confirm the successful arrival of Bitcoin, they proceed with the major transfer.
If Tesla executed this transfer, two conclusions can be drawn:
1. They might be distributing their 11,509 BTC to various addresses.
2. They could be preparing to sell BTC worth $767 million.
The empty nature of the recipient addresses allows for two interpretations:
- The transfers may be preparing to go to Coinbase Prime or new addresses from different OTC sales or exchanges.
- Tesla may have created new wallets, possibly new cold wallets.
We will likely learn the purpose behind this activity in the next one to two hours.
