TeslamadearemarkablemoveinthecryptocurrencyworldandmadealargeBitcointransactionforthefirsttimeintwoyears.Over3thousandBitcoinswerereportedlytransferredfromthecompany’swallet.
ThetotalvalueoftheseBitcoinsiscalculatedtobeapproximately225milliondollars.However,itisemphasizedthatthisgianttransferdoesnotmeanthatBitcoinswilldefinitelybesold.TherearealsorumorsthatTeslahaschangedwallets.
Accordingtothelatestinformation,Teslacarriedanother275milliondollarsworthofBitcoin.Withthelasttransfer,thecompanymadeatotalBTCtransferof400milliondollars.
Tesla’sbigtransferhascausedsomeconcernsinthecryptocurrencymarket.AlthoughthefactthatthecompanytransferredBitcoinstounknownwalletsdoesnotmeanasale,itcreateduncertaintyamonginvestorsandmarketobservers.
Suchtransactionscanoftenincreasevolatilityinthemarkets,leadingtofluctuationsincryptocurrencyprices.Afterthedevelopments,theBitcoinpriceistradingat$66,320.
TeslamadeitsfirstmajorpurchasewithBitcoinin2021andboughtabout$1.5billionworthofBitcoinatthattime.AlthoughthecompanyhasmadesomeoccasionalBitcoinsalessincethen,itsinterestandinvestmentsincryptocurrencieshavecontinued.
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