Tesla likely retains $780M in Bitcoin despite wallet transfers, Arkham reports

Tesla likely still holds its entire Bitcoin reserve, valued at $780 million, according to a blockchain analytics firm, despite moving all the funds to unidentified wallets on October 15.

Arkham Intelligence reported that the electric car manufacturer maintains ownership of 11,509 Bitcoin, adding: “We believe that the Tesla wallet movements that we reported last week were wallet rotations with the Bitcoin still owned by Tesla.”