Coin World News Report:
American car manufacturing company Tesla announced its third-quarter documents on October 23. In the documents, the company declared that it possesses digital assets worth $184 million and has not liquidated its cryptocurrency assets. The company also revealed that its third-quarter revenue was $25.18 billion, slightly lower than the $25.5 billion in the second quarter.
Recent on-chain data from blockchain data analysis company Arkham Intelligence shows that Tesla’s crypto wallet has regained activity after being inactive for two years. The wallet has been involved in a series of transactions, including test transfers, with 11,500 bitcoins being transferred to an unknown wallet.
These transfers have sparked controversy in the cryptocurrency industry. Many believe that the company is about to liquidate its crypto assets, while others speculate that the wallet may have been hacked.
The third-quarter report indicates that Tesla still holds its 100% bitcoin. On October 23, Tesla released its third-quarter documents, disclosing that it still holds crypto assets. The balance sheet emphasizes that this electric vehicle manufacturer continues to hold digital assets worth $184 million and has not liquidated any crypto assets in the past five consecutive business quarters.
According to Arkham Intelligence, the wallet associated with the company contains 11,509 bitcoins, which, at the current market price at the time of writing this article, is worth approximately $772,976,279. This blockchain analysis company believes that the recent transfers witnessed last week were wallet rotation executed by the company for security purposes. The company also believes that these assets are still held by Tesla.
