Major transfers were made two years later from the Bitcoin wallet of electric vehicle giant Tesla. The company sent all 11,509 BTC worth $760 million in the wallet to different addresses.

Transactions began at 11.41 p.m. First, a trial transaction of 0.001 BTC was carried out. Then 3,432 BTC was removed from the wallet in three transactions. New ones were added to these transfers half an hour later. This time 4,150 BTC was moved. The remaining amount of approximately 4 thousand BTC was again divided into different transactions.

It is not yet clear why these transactions were made now, two years later. Investors are worried that Tesla will sell their Bitcoins.

Tesla made its first Bitcoin purchase in 2021. The company bought 43,200 BTC at that time and disposed of 32 thousand of them in the same year. Since then, it continued to keep more than 11 thousand BTC in its wallet and balance sheet.

Bitcoin declined slightly after the news. While the number one cryptocurrency was traded at $66,700, it dropped to $66,299.

Whether Tesla has made any sales will most likely be revealed in the fourth quarter balance sheet for 2025, which will be announced in January 2024. On the other hand, the company’s third quarter balance sheet figures will be reported next week. The third quarter; Since it covers July, August and September, an update to the Bitcoin figures in the balance sheet is not expected.