According to Arkham Intelligence, Ilona Maska's Tesla transferred almost all of his 11,500 BTC to the sum of around 760 million dollars.

On October 15, 26 transactions were completed at different addresses, until the last eight transactions Tesla's assets were inactive for two years.

According to the Arkham platform, the balance of the Tesla wallet is now zero.

What did Tesla think?

There was a lot of speculation in crypto-social networks, and bitcoin prices became very volatile around 12 hours ago. Some people assumed that the company was taking direct custody of their BTC, while others were spreading FUD about potential liquidation. Такс были предположения, что тесла готовится снова принимать платежи в биткоинах. Били даже комичные предположения, что Илон Муск вращается в мем-монетах Трампа.

Riot Platforms Research Vice-President Pierre Rocher said that Mask was trying to use BTC as collateral for a loan. Однако быстро вяснилось, что у компании полно наличных.

Meanwhile, CryptoQuant CEO Ki Eun-ju stated that it was still unclear whether this was an internal reshuffling or a sale, then added:

«Even if they are sold, that influence will be felt by more than half of what the German government will receive. Their realized profit was $816 million, compared to $515 million at Tesla today.

According to BitcoinTreasuries, Tesla is the fourth-largest corporate bitcoin holder after MicroStrategy, which controls 252,220 BTC; Marathon Digital (26,842 BTC); and Riot Platforms (10,427 BTC).

The company first acquired BTC in February 2021, a digital asset worth 1.5 billion dollars.

In the course of over-the-counter trading, small volatility was observed in shares of the company (TSLA), but they remained at the levels of around 220 dollars, at which they traded this week.

BTC price reaction

Bitcoin’s volatility returned just before Arkham reported Tesla’s moves. The asset jumped to a ten-week high of $67,800, before crashing sharply below $65,000.

Bitcoin is currently approaching a key psychological level, which is its previous all-time high of $69,000 from the 2021 bull market cycle.

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