Deutsche Telekom Shares Rise as Elliott Pushes Against T-Mobile Merger 
OpenAI Rejects Apple Trade Secret Theft Claims 
BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
ByteDance Secures $29.6 Billion Loan to Boost AI Investment 
GSM Eyes US, Europe Expansion Ahead of 2028 Hong Kong IPO 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Shein Shares Slide 9% in Hong Kong IPO Debut 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
CIA-Linked Investor Helped Quantum Systems Expand in US 
Add as a preferred source on Google
Tesla has assured investors that its Bitcoin holdings remain untouched at 11,509 BTC, worth $765 million. The company's Q3 report dispelled rumors by confirming that recent wallet transfers were security-related and not indicative of a sale.
Tesla Confirms Bitcoin Holdings Remain Intact After Wallet Movements
Despite recent wallet changes that created concern among the cryptocurrency world, Tesla has stated that its Bitcoin holdings have not been affected in any way, Coingape reports.
After shifting its assets to new wallets, Arkham Intelligence reports that the corporation still possesses 11,509 Bitcoins, which have a worth of $765.22 million as of October 23, 2024.
Q3 Earnings Report Dismisses Bitcoin Sale Speculation
Tesla's earnings report for the third quarter, which was released on Wednesday, confirmed that the corporation has not sold any of its Bitcoin holdings. This finding also confirmed that the recent activity in the wallet was not indicative of a sale.
One week ago, Tesla moved 11,509 Bitcoins, which were worth around $776 million at the time, to new wallets. This clarification comes after the company made the transfer.
Questions were initially raised regarding whether or not the corporation intended to sell off its bitcoin holdings as a result of the decision.
Arkham Intelligence Confirms Security-Driven Wallet Transfers
After further investigation, Arkham Intelligence, a company that specializes in blockchain analytics, has established that the wallet transfers were nothing more than "wallet rotations." This means that the assets were moved to more recent wallets for the goal of ensuring their safety.
Even though the migration has taken place, Tesla continues to maintain custody of the Bitcoin, which is currently dispersed among seven distinct wallets, each of which holds between 1,100 and 2,200 BTC.
