Arkham: Tesla may still hold $780 million in Bitcoin
According to a blockchain analysis company, Golden Finance reported that despite Tesla transferring all funds to an unknown wallet on October 15, the company may still have its entire Bitcoin reserve worth $780 million. Arkham data shows that these wallets have not moved any Bitcoin funds since October 15. While it is not clear why Tesla made the transfer, Arkham pointed out that some observers speculate that these funds may be transferred to a custodian, which may allow Musk's company to obtain loans with Bitcoin as collateral. Tesla executives may reveal their plans for Bitcoin at the Q3 earnings conference call after the close on October 23.
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