What is the target at Tesla, which makes thousands of Bitcoin transfers? They still haven’t made sales

It is seen that Tesla, which distributed 11,500 Bitcoins to 7 different wallets last week, still does not sell these BTCs. While it is seen that the company has divided 1100 to 2100 BTC into wallets, it is also a matter of curiosity what to do with assets worth $770 million…

What is the target at Tesla, which makes thousands of Bitcoin transfers? They still haven’t made sales

In 2021, Tesla, which made a big noise with the purchase of Bitcoin, then started selling vehicles with BTC payments and returned from this decision within 2 months, transferred the BTCs it received at that time last week. Distributed to 7 different wallets, BTCs are still not disposed of.

According to the information provided by Arkham, an on-chain analysis and tracking platform, Bitcoins are still in the hands of the Tesla company and assets worth $770 million have been transferred to wallets with numbers between 1100 and 2100.

While there is 2109 BTC in one wallet, it is noteworthy that there are always round numbers in others. The number distribution of BTC in Tesla’s wallets is as follows:

1Fnhp – 2109.3 BTC
1LERL – 1900 BTC
1D6Vh – 1800 BTC
16QZn – 1700 BTC
1QC2z – 1600 BTC
1Phab – 1300 BTC
1MGM8 – 1100 BTC

It could be to get a loan

Experts state that Tesla may have sent BTCs to a company’s custody address, and after the parties reach an agreement, the electric car manufacturer can obtain a loan by showing these BTCs as collateral.

Last week, Bitcoin mining company Marathon Digital also received a loan by showing the Bitcoins in its possession as collateral.

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