Buttrfly

Electric vehicle giant Tesla is believed to still hold its entire Bitcoin investment, valued at $780 million, despite transferring the funds to unknown wallets earlier this month.

According to blockchain analytics firm Arkham Intelligence, the movements are likely part of routine wallet rotations, rather than a sale or liquidation.

“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla,” Arkham Intelligence said in a recent post on X.