#Tesla has moved all of its#bitcoinsto unknown addresses, according to data from Arkham Intelligence. The company made approximately 25 transactions, leaving its wallet with just $6.68 USD. In total, 11,509 BTC were moved, valued at over $770 million USD at the current rate.

The move has sparked speculation as to whether Tesla plans to sell these assets. The $BTC were originally held in Coinbase Prime Custody, but the exact destination of the funds is now unknown. Although there is no official confirmation on the purpose of these transactions, it is believed that they could imply Tesla's exit from the market or a change in its cryptocurrency investment strategy.

Tesla was one of the major US companies with large Bitcoin reserves, after MicroStrategy, Marathon Holdings, and Riot Platforms. Since its initial investment of $1.5 billion USD in 2021, Tesla has sold part of its assets, and now holds the remaining ones in non-public addresses.