๐จ Tesla Moves 11,500 $BTC Worth $765M in October 2024! ๐จ
Elon Muskโs Tesla just made waves by moving 11,500 Bitcoin (~$765 million) in its first major BTC activity in over two years! The transaction on October 16, 2024, consisted of 26 transfers, including 3 significant moves totaling $228M. Interestingly, none of these went to exchanges, sparking rumors that Tesla isn't sellingโat least for now. ๐
๐ก Analysts suggest this could be a security measure or even cold wallet transfers to protect against hacks. Others speculate Tesla might be preparing for an OTC sale to avoid market impact.
Tesla has been a Bitcoin heavyweight since 2021 with a $1.5B investment. After selling 75% of its holdings in 2022, Tesla still holds around 11,509 BTC, worth $770M. Despite this huge movement, the market remains stable with BTC trading around $66,880.
What do you thinkโsecurity move or sale prep? ๐ค
โ ๏ธ Disclaimer: This info is for educational purposes only. Always research before investing!
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