Automaker Tesla transferred 11,509 BTC (over $770 million) to new addresses, possibly for sale purposes. This is evidenced by the data of the analytical platform Arkham Intelligence.
As you can see, the transfer was preceded by a series of test transactions. Prior to this, the wallets remained dormant for two years. Funds were moved to new addresses, here are some of them:
1MGM8zsqkTMwu8MDoJKGxFDcsUFrcLxSje;
1PhabQhiWQEfYTnYm4fA2tUymkBJzVr6Vj;
1QC2zRwLEigu9LXDYKkVPu1wZk6QFZsJTp;
1PhabQhiWQEfYTnYm4fA2tUymkBJzVr6Vj.
On average, the balance of each wallet is over 1000 BTC. At the time of writing, the company has not commented on this, so it is not known whether Tesla retains control of the assets or whether the transfer is an OTC transaction. At the moment, Bitcoin has not reacted to the situation. After the spike on the evening of October 15, 2024, the asset is still trading above the $67,000 level:
BTC/USDT exchange rate on Binance exchange. Note that the official YouTube channel of the company states that the report for the 3rd quarter of 2024 will be presented on October 24. It is likely then that it will be established whether the sale of bitcoins took place.
According to the Q2 2024 report, Tesla controlled 9,720 BTC. On Arkham Intelligence, the data is different, it is not known for what reason.
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