Krutika Adani
Tesla recently transferred 11,509 BTC to new addresses, totaling $770 million, sparking speculation about its entire Bitcoin treasury.
Tesla’s bitcoin holdings have dropped from a peak of 43,000 BTC to around 9,720 BTC, now valued at $650 million.
Despite the selloff, Tesla remains the third-largest Bitcoin holder among publicly traded companies.
SpaceX, also owned by Elon Musk, holds around 8,285 BTC, adding to Musk’s significant crypto presence.
With Tesla’s recent transfer, questions arise about its future bitcoin strategy. Will they increase or continue reducing their holdings?