ElonMusk\'sTesla,oneofthebiggestcorporateownersofbitcoin(BTC),transferredall$760millionworthofthecryptocurrencythatitownstounknownwallets,raisingthepossibilitythecarmakerisselling.
WalletsassociatedwiththeelectriccarmanufacturerbeganmovingfundstounknownwalletsonTuesday,accordingtocryptodatafirmArkhamIntelligence.
Teslaisthefourth-biggestholderofbitcoinamongpubliclytradedU.S.companiesintheU.S,perBitcoinTreasuriesdata.OnlysoftwarecompanyMicroStrategyandbitcoinminingfirmsMarathonHoldingsandRiotPlatformshavelargerstockpiles.
Teslabought$1.5billionworthofbitcoininFebruary2021,buthassoldmostofitsholdingsovertheyears.WhenArkhamIntelligenceaddedthecarmaker\'sbitcoinwallettrackingfeaturetoitsdashboardinMarch,itheldabout11,509bitcoin,worthroughly$770million.
Muskhadalsopreviouslyannouncedthatthecompanywouldsoonacceptpaymentsmadewithbitcoin,buttheplansweredroppedshortlyafterduetoenvironmentalconcerns.
BesidessomeofMusk\'scompanies–includingTeslaandSpaceX–thatholdbitcoinontheirbalancesheets,itisunclearhowmuchtheX(formerlyTwitter)ownerbelievesinthetokenhimself.InaninterviewbroadcastonYouTubeinJuly,Musksaidthathethinks\"there\'ssomemeritinbitcoin,andmaybesomeothercrypto,\"butthathissoftspotwasfordogecoin(DOGE).
coindesk.com