Elon Musk’s Tesla Transfers Bitcoin Holdings Worth 765M Dollars

Quick Summary:

Elon Musk’s Tesla has made its first significant Bitcoin move in over two years, transferring around 11,500 BTC valued at approximately $765 million.

The transaction, revealed by Arkham Intelligence, occurred on October 16, 2024, in multiple batches.  It has stirred considerable interest in the cryptocurrency world.

As of October 15, 2024, Tesla held an estimated 9,720 BTC, worth about $650 million, down from its peak holding of 43,000 BTC.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: Bitcoin (BTC) Elon Musk Tesla Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 06:27:55 (20 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 431 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23085869

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