Crypto Live News

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

• Oct 23, 2024 03:44 UTC
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According to blockchain firm Arkham Intelligence, despite recent Bitcoin transfers sparking concerns, Tesla likely still holds its entire $780 million Bitcoin stash. On October 15, Tesla split its 11,509 BTC between seven wallets, raising fears of a market dump. However, Arkham clarified that these were likely internal wallet rotations, with no Bitcoin sold. Tesla’s Bitcoin price impact remains minimal, and speculation suggests the transfer could be linked to securing a loan. Tesla executives may clarify their plans during their third-quarter earnings call on October 23.

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