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Topic: Tesla transfers $760 million bitcoin to unknown wallets - page 2. (Read 261 times)

sr. member
Activity: 546
Merit: 265
The story is not so clear. That is absolutely ridiculous if I may say. I am just being skeptical of why would the corporative affair of Tesla intend to move it all acquired Bitcoin of  whole 11,500 Bitcoin worth of $760 million to another wallet in the first place.
Perhaps it did not detail the intention of why the transaction processing before landed on the wrong wallet.

I don't think we should even take this too personal probably they want to remind us how rich Elon Musk with his holdings on Bitcoin.
The dude facial expression even look more excited than I just reading the shock new. Lol.

But in any case lets hope on the guru recoverers because I believe Elon could always afford to hire the most professionals in his case like this.
hero member
Activity: 2940
Merit: 715
Seeing that picture with him laughing, it's clear as day, this is definitely tied to the current bull run, no doubt about it.

But nah, Elon won't be selling, not yet. He knows he still has the power to sway the market. My wild guess? He's probably scheming to pump another altcoin, but it’s definitely not Trump’s coin. That thing isn’t even trading yet, and it's too niche with just a few people on the whitelist. Plus, if they play that card, it might backfire politically---Trump's opponents could use it against him. You get what I mean, right?

I’m thinking it’s an old altcoin that feels like a meme, something like DOGE was back then. Definitely not SHIBA though, they’re cut from the same cloth. Hmm... what could it be? Well, we’ll know soon enough when Bitcoin smashes its ATH and Elon drops a tweet. Now that he owns the platform, his reach is insane, and that hype? Oh, it'll be massive!
legendary
Activity: 3122
Merit: 1492
I very much speculate that our favorite cousin Elon will not dump these coins of Tesla. What he might do is swap them to wrapped bitcoin, WBTC and provide liquidity or stake them to earn yield from Trump's new DeFi project called World Liberty Financial hehejehehehe.

I reckon staking on Trump is much more of a certainty than dumping on our faces before a big pump.



Elon Musk's Tesla, one of the biggest corporate owners of bitcoin (BTC), transferred nearly all $760 million of the cryptocurrency it owns to unknown wallets, raising the possibility the carmaker is selling.

Wallets associated with the electric car manufacturer on Tuesday moved more than 11,500 bitcoin to wallets whose ownership is unknown, according to crypto data firm Arkham Intelligence. The Tesla wallets only retain about $6.65 worth of BTC – essentially nothing.


Read in full https://www.coindesk.com/business/2024/10/15/is-elon-musk-selling-bitcoin-tesla-transfers-all-760m-of-its-btc-to-unknown-wallets/
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