Elon Musk’s Tesla Waving Goodbye To Bitcoin? $760M Sent To Unknown Wallets

In a major development, EV juggernaut Tesla Inc. (NASDAQ:TSLA) has reportedly transferred nearly all of its Bitcoin (CRYPTO: BTC) stash to unknown wallets, sparking speculation about whether CEO Elon Musk planned to offload the company’s cryptocurrency holdings.

What Happened: A wallet labeled as Tesla moved 11,500 BTCs, worth $760 million of the leading cryptocurrency, to several unidentified wallets Tuesday, according to on-chain analytics firm Arkham Intelligence. As of this writing, the wallet holds an inconsequential $6.7 worth of the asset.

Tesla didn’t immediately respond to Benzinga’s request for clarity on the true purpose of the move.