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Breaking: Elon Musk's Tesla Transfers $760M Bitcoin Stash

source-logo  coingape.com 16 October 2024 08:50, UTC

Elon Musk’s Tesla has moved all its Bitcoin holdings, worth $760 million, from its public wallet, marking its first BTC transactions in two years. This has raised questions about the reason for these transactions, with a potential sale of these coins likely to impact the market significantly. However, there is the possibility that the company might not just be moving these coins for security purposes.

coingape.com