**Tesla's Bitcoin Moves: What's Going On?**
Electric car giant Tesla is making waves in the crypto world again. Despite transferring its entire Bitcoin stash, worth $780 million, to unknown wallets on October 15, blockchain analytics firm Arkham Intelligence believes Tesla still owns the Bitcoin.
- **Wallet Shuffle:** Tesla split 11,509 BTC across seven wallets, with the largest chunks going to addresses "1Fnhp" and "1LERL."
- **Market Impact:** Initial fears of a market dump were unfounded; Bitcoin's price actually rose 5% post-transfer before a slight pullback.
- **Speculation:** Some think Tesla might be moving funds to a custodian, possibly to secure a loan.
- **Upcoming Clarity:** Tesla's Q3 earnings call on October 23 might shed light on their Bitcoin strategy.
If Arkham's analysis holds, Tesla remains a top corporate Bitcoin holder, just behind MicroStrategy and major Bitcoin miners.