CoinVoice recently learned that according to CoinDesk, Arkham Intelligence data showed that Tesla transferred its Bitcoin reserves for the first time in more than two years, which caused panic among some Bitcoin traders. CryptoQuant community analyst Maartunn said that he speculated that Tesla may transfer BTC for the following reasons:

Compliance or internal audit: Tesla may transfer Bitcoin to meet accounting or legal obligations related to reporting or internal audits; Wallet management: Tesla may use multiple wallets for operational purposes, but this scenario seems unlikely; Reorganization of funds: Part of a strategy to reorganize Bitcoin holdings to prepare for future sales or loans. [Original link]