Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Gemini makes a permit for expanding EU offers

2025-05-09

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

2025-05-09

Markt -Expert says that dominance has hit its ceiling

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09

    Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09

    BNB Price objectives $ 650 in the midst of renewed market optimism

    2025-05-09

    Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Arkham Intelligence Says: ‘Previous Tesla Bitcoin Transfers Were Simply…’
Bitcoin

Arkham Intelligence Says: ‘Previous Tesla Bitcoin Transfers Were Simply…’

2024-10-23No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Arkham Intelligence has uncovered the truth behind Tesla’s BTC transfers.
  • Tesla remains the fourth largest corporate Bitcoin holder.

Last week the news of Tesla transferring almost all of it Bitcoin [BTC] the holdings, worth $760 million at the time, in unknown portfolios made headlines in the crypto sphere.

These transfers fueled speculation about a possible sell-off. However, these concerns may not be justified.

Arkham Intelligence has now revealed that the electric car manufacturer will likely still retain ownership of its BTC.

The blockchain intelligence platform acquired X (formerly Twitter). clarify,

“We believe the Tesla wallet moves we reported on last week were wallet rotations where Bitcoin was still owned by Tesla.”

Arkham Intelligence details Tesla’s BTC moves

According to to Arkham Intelligence, Tesla’s BTC possessions had remained untouched for two years before October 15.

The recent move saw the king coin split across seven different wallets, each containing between 1,100 and 2,200 BTC.

The platform also highlighted that each of these wallets received test transactions, and all but one contained a rounded number of Bitcoin.

The two largest wallets, “1Fnhp” and “1LERL”, received 2,109.3 BTC and 1,900 BTC respectively.

Other wallets included “1D6Vh” with 1,800 BTC, “16QZn” with 1,700 BTC, “1QC2z” with 1,600 BTC, “1Phab” with 1,300 BTC and “1MGM8” with 1,100 BTC.

The reason for these transfers remains unclear, although Arkham noted speculation that Tesla might transfer the funds to a custodian. This could be possible to secure a loan with the BTC as collateral.

How did Bitcoin’s price react?

Interestingly, the transfers had no impact on Bitcoin price. On the day of the transfer, the coin peaked at almost $68,000 and continued to rise until a recent dip on October 21.

See also  Billionaire Mike Novogratz Says BlackRock's Application For A Bitcoin ETF Is The Best Thing That Could Happen To BTC

At the time of writing, BTC was trading at $67,082, reflecting a decline of 0.68% in the past 24 hours. CoinMarketCap. Bitcoin trading volume also fell by 20.28% over the past day.

Musk’s BTC reserves

Since Tesla’s recent transfers to wallets the company likely controls, it still owned 11,509 Bitcoin. This was worth over $771 million at the time of writing.

Elon Musk's Tesla Moved $776 Million in Bitcoin, But Still Controls Wallets: Arkham IntelligenceElon Musk's Tesla Moved $776 Million in Bitcoin, But Still Controls Wallets: Arkham Intelligence

Source: Arkham Intelligence

It’s worth noting that Tesla is about to release its next one income report on October 23, 2024.

This could shed more light on Tesla’s BTC strategy and the reasons behind its recent portfolio moves.

In addition to Tesla’s interests, Musk’s other venture, SpaceXretained 8,285 Bitcoin. These assets, which also haven’t been moved in two years, were valued at $556 million.

Next: Peter Schiff Speculates on MicroStrategy ‘Crash’ – Is Bitcoin the Reason?

Source link

Arkham Bitcoin intelligence Previous Simply Tesla transfers
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Markt -Expert says that dominance has hit its ceiling

2025-05-09

Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

2025-05-09

Taiwan warned of currency crisis – legislators penetrate Bitcoin as digital gold of the nation!

2025-05-09

Bitcoin again crosses $ 100k and the market asks- is the rally real this time?

2025-05-09
Add A Comment

Comments are closed.

Top Posts

SEC Commissioner Issues Warning, Says US About to Fall Behind Europe and UK in Crypto Industry: Report

2023-05-15

Stablecoins associated with First Digital Trust (FDT) Temporary Depegs If Justin Sun warns of the company’s insolvency

2025-04-02

Best Altcoins to ride on the $ BTC Bull Run as a soft bank and Tether Back $ 3B Bitcoin Fund

2025-04-23
Editors Picks

Bitcoin MVRV Ratio in a Crucial Retest: Do Bulls Still Have a Chance?

2024-09-25

What is zkSync? The zkSync ecosystem explained

2023-04-29

It’s happening…72.5% of the top 40 video game companies now use Web3.

2023-09-29

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

2025-05-09
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Gemini makes a permit for expanding EU offers

Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

Markt -Expert says that dominance has hit its ceiling

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,020.561.49%
  • ethereumEthereum(ETH)$2,327.3313.45%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.354.74%
  • binancecoinBNB(BNB)$635.202.25%
  • solanaSolana(SOL)$171.457.15%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2045837.21%
  • cardanoCardano(ADA)$0.786.95%
  • tronTRON(TRX)$0.2613992.35%
  • suiSui(SUI)$3.92-0.98%
  • chainlinkChainlink(LINK)$15.974.20%
  • avalanche-2Avalanche(AVAX)$23.278.90%
  • stellarStellar(XLM)$0.2959154.69%
  • shiba-inuShiba Inu(SHIB)$0.0000156.64%
  • hedera-hashgraphHedera(HBAR)$0.1997364.57%
  • hyperliquidHyperliquid(HYPE)$24.7312.47%
  • bitcoin-cashBitcoin Cash(BCH)$409.72-2.11%
  • the-open-networkToncoin(TON)$3.251.36%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-1.44%
  • polkadotPolkadot(DOT)$4.8111.45%
  • litecoinLitecoin(LTC)$98.986.58%
  • moneroMonero(XMR)$308.243.99%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.460.32%
  • pepePepe(PEPE)$0.00001220.07%
  • piPi(PI)$0.7214.32%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.3414.31%
  • bittensorBittensor(TAO)$424.361.60%
  • nearNEAR Protocol(NEAR)$2.9010.95%
  • aptosAptos(APT)$5.525.38%
  • ondo-financeOndo(ONDO)$1.026.83%
  • okbOKB(OKB)$53.461.94%
  • aaveAave(AAVE)$209.009.41%
  • ethereum-classicEthereum Classic(ETC)$19.248.41%
  • internet-computerInternet Computer(ICP)$5.398.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.0012.25%
  • kaspaKaspa(KAS)$0.1028424.97%
  • gatechain-tokenGateToken(GT)$21.870.29%
  • crypto-com-chainCronos(CRO)$0.1009504.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252338-0.33%
  • mantleMantle(MNT)$0.773.42%
  • vechainVeChain(VET)$0.0296568.85%
  • render-tokenRender(RENDER)$4.925.38%
  • ethenaEthena(ENA)$0.36686816.34%
  • usd1World Liberty Financial USD(USD1)$1.000.21%
  • filecoinFilecoin(FIL)$3.046.69%
  • algorandAlgorand(ALGO)$0.2332427.54%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8411.43%
  • bitcoinBitcoin(BTC)$103,020.561.49%
  • ethereumEthereum(ETH)$2,327.3313.45%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.354.74%
  • binancecoinBNB(BNB)$635.202.25%
  • solanaSolana(SOL)$171.457.15%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2045837.21%
  • cardanoCardano(ADA)$0.786.95%
  • tronTRON(TRX)$0.2613992.35%
  • suiSui(SUI)$3.92-0.98%
  • chainlinkChainlink(LINK)$15.974.20%
  • avalanche-2Avalanche(AVAX)$23.278.90%
  • stellarStellar(XLM)$0.2959154.69%
  • shiba-inuShiba Inu(SHIB)$0.0000156.64%
  • hedera-hashgraphHedera(HBAR)$0.1997364.57%
  • hyperliquidHyperliquid(HYPE)$24.7312.47%
  • bitcoin-cashBitcoin Cash(BCH)$409.72-2.11%
  • the-open-networkToncoin(TON)$3.251.36%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-1.44%
  • polkadotPolkadot(DOT)$4.8111.45%
  • litecoinLitecoin(LTC)$98.986.58%
  • moneroMonero(XMR)$308.243.99%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.460.32%
  • pepePepe(PEPE)$0.00001220.07%
  • piPi(PI)$0.7214.32%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.3414.31%
  • bittensorBittensor(TAO)$424.361.60%
  • nearNEAR Protocol(NEAR)$2.9010.95%
  • aptosAptos(APT)$5.525.38%
  • ondo-financeOndo(ONDO)$1.026.83%
  • okbOKB(OKB)$53.461.94%
  • aaveAave(AAVE)$209.009.41%
  • ethereum-classicEthereum Classic(ETC)$19.248.41%
  • internet-computerInternet Computer(ICP)$5.398.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.0012.25%
  • kaspaKaspa(KAS)$0.1028424.97%
  • gatechain-tokenGateToken(GT)$21.870.29%
  • crypto-com-chainCronos(CRO)$0.1009504.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.252338-0.33%
  • mantleMantle(MNT)$0.773.42%
  • vechainVeChain(VET)$0.0296568.85%
  • render-tokenRender(RENDER)$4.925.38%
  • ethenaEthena(ENA)$0.36686816.34%
  • usd1World Liberty Financial USD(USD1)$1.000.21%
  • filecoinFilecoin(FIL)$3.046.69%
  • algorandAlgorand(ALGO)$0.2332427.54%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8411.43%