According to a last-minute development, activity was observed for the first time in two years from one of the cryptocurrency wallets marked as belonging to Tesla.
A total of $75 worth of BTC was transferred from one wallet containing $767 million worth of Bitcoin to another wallet minutes ago.
The meaning of this transaction and whether it will continue is not yet known. The wallet to which the BTCs were transferred is not labeled as belonging to any organization, according to Arkham data.
Update:
It was understood that the $75 transaction was likely a test transaction, and shortly after, a massive $228 million worth of Bitcoin flowed out of Tesla’s crypto wallets.
*This is not investment advice.