Elon Musk's Tesla Waving Goodbye To Bitcoin? $760M Sent To Unknown Wallets
Portfolio Pulse from Aniket Verma
Tesla has reportedly transferred nearly all of its Bitcoin holdings, worth $760 million, to unknown wallets, raising speculation about a potential offload of its cryptocurrency assets. The move comes after Tesla's Bitcoin holdings remained unchanged since Q4 2022.
October 16, 2024 | 1:32 am
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Tesla transferred $760M worth of Bitcoin to unknown wallets, sparking speculation about a potential offload of its cryptocurrency holdings. This move could impact Tesla's stock price due to its previous investment in Bitcoin.
The transfer of a significant amount of Bitcoin by Tesla to unknown wallets suggests a potential sell-off, which could impact investor sentiment and lead to a short-term decrease in Tesla's stock price. The market may react negatively due to uncertainty about Tesla's cryptocurrency strategy.
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