Tesla transfers $770 million worth of Bitcoin (BTC).

Tesla, the electric vehicle giant whose CEO is Elon Musk, has caused panic with a $770 million Bitcoin ($BTC ) transfer.

According to on-chain data platform Arkham Research, Tesla moved 11,509 Bitcoins worth $770 million to new addresses. The company, which invested $1.5 billion in Bitcoin in February 2021, moved approximately $770 million worth of BTC to seven new addresses during the night. Tesla made its first wallet activity since selling most of its BTC holdings in 2022.

As of October 15, Tesla had 9,720 BTC worth approximately $650 million. However, Arkham stated that Tesla had 11,509 BTC in 68 addresses. This amount corresponds to $770 million according to the current $BTC price.

According to BitcoinTreasuries, Musk’s space travel company SpaceX is said to have 8,285 Bitcoins. Tesla is the third largest investor in Bitcoin among publicly traded companies, following MicroStrategy and MARA (formerly Marathon Digital).

Tesla’s transfer of BTCs after two years has created fear in the market. This move has gained more importance with the upcoming US elections. Elon Musk’s open support for Donald Trump, who has come to the fore with his crypto-friendly statements, has the power to affect the course of Bitcoin.

Crypto investors are focused on Tesla’s wallet activities. The wallet’s activation after two years coincided with a sharp increase in BTC. Whether a new wallet movement will occur in the short term is a matter of curiosity.

#CryptoDeNostradame #ParrotBambooCrypto