Three Reasons Tesla Moved $760 Million in Bitcoin
Compliance or Internal Audit: Tesla may have moved Bitcoin to meet accounting or legal obligations related to reporting or internal audits.
Wallet Management: Tesla may use multiple wallets for operational purposes. This seems unlikely as the newly created addresses use similar Pay-to-PubKey-Hash (P2PKH) addresses.
Reorganization Fund: This could be part of a strategy to reorganize Bitcoin holdings to prepare for future sales or loans, similar to Mt. Gox. However, this speculation should be avoided until there is evidence of a sale (such as a transfer to Coinbase). This is not the case at this time.
