Tesla Confirms It Still Holds Bitcoin

10/24/2024 12:19
Tesla Confirms It Still Holds Bitcoin

Tesla has confirmed that it has not liquidated its Bitcoin holdings

Tesla Confirms It Still Holds Bitcoin

Cover image via www.freepik.com

Tesla, the leading e-car manufacturer helmed by centibillionaire Elon Musk, has confirmed that it continues to hold Bitcoins. 

This comes after the community started speculating about Tesla potentially dumping its Bitcoin holdings following a series of recent transfers to unknown wallets that were logged by blockchain data firm Arkham Intelligence. 

However, it later turned out that these were just wallet rotations. The community's concerns about Tesla emptying its wallets were overblown. 

Tesla's (TSLA) stock is up more than 12% in premarket trading after the firm reported better-than-expected earnings.  

Bitcoin is currently trading at $67,351 after paring recent losses. 

About the author

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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