Tesla Still Holds $776 Million in Bitcoin, No Sales Made
Tesla still holds about $776 million in Bitcoin, according to a recent report from Arkham Intelligence.
Earlier this month, Tesla caused a stir in the cryptocurrency market by moving its Bitcoin to unknown wallets. However, Arkham clarified these were just routine wallet changes, and Tesla still owns the coins.
Tesla initially bought $1.5 billion in Bitcoin in early 2021 and briefly allowed customers to use it for payments, but quickly reversed that decision due to environmental concerns. Since then, Tesla has sold a large part of its Bitcoin holdings.
Despite rumors that Tesla might sell the rest of its Bitcoin, it remains the fourth-largest corporate holder of the cryptocurrency.
READ MORE:
Bitcoin ETFs Face First Outflows After Week of Strong InflowsElon Musk, Tesla’s CEO, hasn’t commented on Bitcoin publicly since 2022, though he recently called crypto “interesting” for its decentralized nature. Musk had previously indicated Tesla could accept Bitcoin payments again if its mining practices became more environmentally friendly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin price fills CME gap, but '$240M market dump' stops a $104K rebound
$RAVE unveils tokenomics, igniting the decentralized cultural engine of global entertainment
$RAVE is not just a token; it represents a sense of belonging and the power of collective building. It provides the community with tools to create together, share value, and give back influence to society.
Interpretation of the ERC-8021 Proposal: Can Ethereum Replicate Hyperliquid's Developer Wealth Creation Myth?
The ERC-8021 proposal suggests embedding builder code directly into transactions. Along with a registry, developers can provide wallet addresses through the registry to receive revenue.
ADP data sounds the alarm again: US companies cut 11,000 jobs per week
The government shutdown has delayed official employment data, so ADP data has stepped in to reveal the truth: in the second half of October, the labor market slowed down, and the private sector lost a total of 45,000 jobs for the entire month, marking the largest decline in two and a half years.
Trending news
MoreCrypto prices
More
