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Tesla made a remarkable move in the cryptocurrency world and made a large Bitcoin transaction for the first time in two years. Over 3 thousand Bitcoins were reportedly transferred from the company’s wallet.
The total value of these Bitcoins is calculated to be approximately 225 million dollars. However, it is emphasized that this giant transfer does not mean that Bitcoins will definitely be sold. There are also rumors that Tesla has changed wallets.
According to the latest information, Tesla carried another 275 million dollars worth of Bitcoin. With the last transfer, the company made a total BTC transfer of 400 million dollars.
Tesla’s big transfer has caused some concerns in the cryptocurrency market. Although the fact that the company transferred Bitcoins to unknown wallets does not mean a sale, it created uncertainty among investors and market observers.
Such transactions can often increase volatility in the markets, leading to fluctuations in cryptocurrency prices. After the developments, the Bitcoin price is trading at $ 66,320.
Tesla made its first major purchase with Bitcoin in 2021 and bought about $ 1.5 billion worth of Bitcoin at that time. Although the company has made some occasional Bitcoin sales since then, its interest and investments in cryptocurrencies have continued.