What could Tesla’s $750,000,000 $BTC outflow mean?

Let’s evaluate 👇

1. It could be a wallet change due to security reasons.

This is likely just a transfer from one cold wallet to another, so we can consider it simply as a wallet change.

2. It could be an OTC sale.

These large transactions are often done off the market (OTC) to avoid significantly affecting the price. This could be a person-to-person transaction done on-chain, which we refer to as an OTC sale.

So, which of these options makes more sense, and how does it affect us?

First of all, the funds were sent to three different wallets. Two of them received the large amounts:

1D6VhfhhQaAZGD551RCNAK4nSmr69NsLvn

and

1Gxups1ZrMov9kFE5tT1cWDJQKqpRZo2XM.

These wallets received the majority of the funds, while the third wallet only received a small amount of $75 in four separate transactions.

The third wallet is:

1EREkn3TfyAs1w43mJYr8B8Mx5oMCFKWEu.

One possibility, though very unlikely, is that Elon might have set this aside to support Trump’s campaign, given how much he has supported him.

I personally believe this was done purely for security reasons, but the movements of the wallets mentioned above will be crucial from this point on.

If you have different ideas, feel free to share them!

Let me know if any adjustments are needed!