Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.
Summary
Tesla transferred $760 million worth of bitcoin to unknown wallets, indicating a potential sale. Tesla is the fourth-largest bitcoin holder among U.S. public companies, following MicroStrategy, Marathon Holdings, and Riot Platforms. Initially purchasing $1.5 billion in bitcoin in February 2021, Tesla has since sold most of its holdings. The company previously considered accepting bitcoin payments but abandoned the plan due to environmental concerns. Elon Musk has expressed some interest in bitcoin and other cryptocurrencies, with a particular fondness for dogecoin.
