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    Home » Teslas Bitcoin Holdings Remain Intact at 776 Million with No Transactions Executed
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    Teslas Bitcoin Holdings Remain Intact at 776 Million with No Transactions Executed

    By adminOct. 23, 2024No Comments1 Min Read
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    Teslas Bitcoin Holdings Remain Intact at 776 Million with No Transactions Executed
    Teslas Bitcoin Holdings Remain Intact at 776 Million with No Transactions Executed
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    Tesla still holds about $776 million in Bitcoin, according to a recent report from Arkham Intelligence.
    Earlier this month, Tesla
    caused
    a stir in the cryptocurrency market by moving its
    Bitcoin
    to unknown wallets. However, Arkham
    clarified
    these were just routine wallet changes, and Tesla still owns the coins.
    Tesla initially bought $1.5 billion in Bitcoin in early 2021 and briefly allowed customers to use it for payments, but quickly reversed that decision due to environmental concerns. Since then, Tesla has sold a large part of its Bitcoin holdings.
    Despite rumors that Tesla might sell the rest of its Bitcoin, it remains the fourth-largest corporate holder of the cryptocurrency.
    READ MORE:

    Bitcoin ETFs Face First Outflows After Week of Strong Inflows
    Elon Musk, Tesla’s CEO, hasn’t commented on Bitcoin publicly since 2022, though he recently called crypto “interesting” for its decentralized nature. Musk had previously indicated Tesla could accept Bitcoin payments again if its mining practices became more environmentally friendly.

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