Coin World News Report:
Tesla divides 11,509 Bitcoins into seven wallets
According to Arkham Intelligence, some speculate that this move is for cryptocurrency custody purposes
Tesla remains the third-largest publicly traded Bitcoin company, behind MicroStrategy and Marathon Digital Holdings
According to a blockchain analytics company, despite wallet movement last week, Tesla still holds 11,509 Bitcoins.
In an article about Tesla’s wallet activity, Arkham Intelligence stated:
“We believe that Tesla’s wallet activity, which we reported on last week, was a wallet rotation, and the Bitcoins still belong to Tesla. Tesla transferred its entire balance of 11,509 BTC ($776.9 million) to new wallets.”
