It seems possible. About 19 minutes ago, Tesla, owned by Elon Musk, moved Bitcoin from its wallets. Small transfers were made to new addresses, a common practice among corporate entities and large investors. Typically, they send small amounts to test a new address before moving larger sums. If Tesla executed this transfer, two possibilities arise:
1. They might be redistributing their 11,509 BTC to different addresses.
2. They could be preparing to sell BTC valued at $767 million.
The empty recipient addresses suggest two scenarios:
- Transfers could be destined for Coinbase Prime or other exchanges, possibly for over-the-counter (OTC) sales.
- Tesla might be creating new cold wallets.
We should know the purpose behind this activity within the next one to two hours.
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