Elon Musks Tesla Holds 7725 Million Worth of Bitcoin in Seven Wallets Despite Intense Coin Battle Arkham

CoinJin.com reports:
Electric vehicle giant Tesla is said to still hold $772.5 million worth of Bitcoin (BTC), according to the cryptocurrency tracking platform Arkham.
Last week, Arkham flagged a series of on-chain transactions indicating that Tesla had transferred its inventory of 11,509 BTC for the first time in two years.
However, according to The New York Times, these receiving addresses appear to be new wallets owned by Tesla.
“The Bitcoin is divided into 7 wallets, each holding 1,100 and 2,200 BTC. All holding wallets received test transactions, and all wallets except for one received a round of BTC.
Tesla’s current BTC holdings are as follows:
1Fah-2,109.3 BTC ($142.2 million)
1LERL-1,900 BTC ($128.1 million)
1D6Vh-1,800 BTC ($121.3 million)
16QZn-1,700 BTC ($114.6 million)
1QC2z-1,600 BTC ($107.8 million)
1Phab-1,300 BTC ($87.6 million)
1MGM8-1,100 BTC ($74.1 million)
Some speculate that this is a transfer to custodians, such as obtaining loans backed by BTC.”
Tesla purchased $1.5 billion worth of Bitcoin in January 2021, then sold $272 million worth of BTC in the same year, and sold another $936 million worth of Bitcoin in 2022.
According to The Wall Street Journal, the car company is currently the fourth-largest corporate owner of cryptocurrencies in terms of market value.
In 2021, Tesla briefly allowed customers to pay for purchases with BTC, but the company later discontinued this feature, citing concerns about the environmental impact of Bitcoin mining. Tesla CEO Elon Musk said the company may resume accepting Bitcoin payments once the mining process becomes more environmentally friendly.
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