Tesla Did Not Sell Its 11,509 Bitcoin, On-Chain Data Reveals

Quick Summary:

On-chain data indicates that Tesla Inc.has retained its entire Bitcoin holdings, dispelling recent speculation about a potential sale.

Last week, blockchain analytics firm Arkham Intelligence reported that Tesla had transferred its entire stash of 11,509 BTC—currently valued at over $776 million—to new, unidentified wallets.

All holding wallets received test transactions and all but one hold a round number of BTC,” Arkham writes via X.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryChina

Topics: Btc Elon Musk Bitcoin BTC news Btc price Breaking News Ticker Bitcoin price Bitcoin News Tesla BTC holdings Elon Musk Tesla bitcoin Bitcoin Bitcoin news Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 06:07:15 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23213171

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 14 hours ago

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