Reported about 1 month ago
Tesla has quietly transferred approximately $765 million worth of Bitcoin to unidentified wallets, leading to speculation about the company’s future plans for its cryptocurrency holdings. This move comes as Musk's strategies involving Bitcoin face scrutiny, especially after past controversies surrounding sales and the shift in Tesla's acceptance of cryptocurrency for payments. As the market awaits comments from the company, the new accounting standards set to take effect could further influence Tesla's approach to its Bitcoin assets.
Source: YAHOO