- Tesla Bitcoin holdings worth $780M were split into seven new wallets, no sale confirmed
- Largest wallets received over $140M in BTC, sparking online speculation
- Arkham Intelligence suggests the move was routine, not a liquidation
It is believed that the electric vehicle giant Tesla still holds its entire Bitcoin investment, valued at $780 million, despite transferring the funds to several anonymous wallets earlier this month.
According to blockchain analysis firm Arkham Intelligence, the movements are likely part of routine wallet rotations rather than a sale or liquidation.
In a recently published post on X, Arkham Intelligence stated:
“We believe that the Tesla wallet movements we reported last week were wallet rotations, with the Bitcoin still owned by Tesla.”
Tesla has split its Bitcoin holdings into seven wallets As observed by Arkham Intelligence, on Tuesday, October 15, Tesla split its 11,509 Bitcoins into seven new wallets, each holding between 1,100 and 2,200 BTC.
The two largest wallets, named “1Fnhp” and “1LERL,” received the most significant portions, valued at $142.2 million and $128.1 million, respectively.
The large-scale movement initially sparked fears of a possible market crash, fueling a wave of speculation on social media platforms like X.
However, Arkham’s data indicates that no further Bitcoin transactions have taken place from these wallets following the transfers, suggesting that Tesla has not sold any of its holdings.
Conclusion
In conclusion, it seems Tesla’s Bitcoin strategy remains unchanged for now. Despite the large-scale wallet movements, the lack of further transactions suggests the company is holding strong.
Whether you’re a Tesla fan or a Bitcoin enthusiast, it’s always worth keeping an eye on such moves—especially in a market where anything can happen.
What do you think is next for Tesla and its Bitcoin holdings? Let me know your thoughts!
