u.today
Tesla, the leading e-car manufacturer helmed by centibillionaire Elon Musk, has confirmed that it continues to hold Bitcoins.
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This comes after the community started speculating about Tesla potentially dumping its Bitcoin holdings following a series of recent transfers to unknown wallets that were logged by blockchain data firm Arkham Intelligence.
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However, it later turned out that these were just wallet rotations. The community's concerns about Tesla emptying its wallets were overblown.
Tesla's (TSLA) stock is up more than 12% in premarket trading after the firm reported better-than-expected earnings.
Bitcoin is currently trading at $67,351 after paring recent losses.