Tesla transferred 11,500 Bitcoin worth $765 million to unknown wallets, without disclosing the purpose of the transactions 💸

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Tesla has transferred its entire Bitcoin reserve worth more than $765 million to several unknown wallets. On October 15, the company made 26 transactions, including test transfers, moving 11,500 BTC, according to Arkham Intelligence. The first test transfer took place at 20:41 UTC, and at this point, the wallet holds only $6.68 in BTC.

Until this moment, Tesla's wallet had been inactive since June 2022. There are no signs that the Bitcoin was sent to exchanges, and the company has not disclosed its plans for selling the cryptocurrency.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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