![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
- Arkham Intelligence uncovered the truth behind Tesla’s BTC transfers.
- Tesla remains the fourth-largest corporate Bitcoin holder.
Last week, the news of Tesla transferring nearly its entire Bitcoin [BTC] holding, worth $760 million at the time, to unknown wallets made headlines in the crypto sphere.
These transfers fueled speculation of potential sell-offs. However, those concerns may not be warranted.
Arkham Intelligence has now come out stating that the electric car manufacturer still likely retains ownership of its BTC.
The blockchain intelligence platform took to X (formerly Twitter) to clarify,
“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla.”
Arkham Intelligence details Tesla’s BTC movements
According to Arkham Intelligence, Tesla’s BTC holdings had remained untouched for two years before the 15th of October.
The recent movement saw the king coin being split across seven different wallets, each holding between 1,100 and 2,200 BTC.
The platform also highlighted that each of these wallets received test transactions, and all but one held a rounded figure of Bitcoin.
The two largest wallets, “1Fnhp” and “1LERL,” received 2,109.3 BTC and 1,900 BTC, respectively.
Other wallets included “1D6Vh” with 1,800 BTC, “16QZn” with 1,700 BTC, “1QC2z” holding 1,600 BTC, “1Phab” with 1,300 BTC, and “1MGM8” receiving 1,100 BTC.
The reason for these transfers remains unclear, though Arkham noted speculation that Tesla might be moving the funds to a custodian. This could potentially be to secure a loan using the BTC as collateral.
How did Bitcoin’s price react?
Interestingly, the transfers did not have an impact on Bitcoin’s price. On the day of the transfers, the coin peaked at nearly $68,000 and continued to trend upward until a recent dip on 21st October.
At the time of writing, BTC was trading at $67,082, reflecting a 0.68% decline over the past 24 hours, according to CoinMarketCap. Bitcoin’s trading volume also dropped by 20.28% over the past day.
Musk’s BTC reserves
Since Tesla’s recent transfers were made to wallets the company likely controls, thereby it still owned 11,509 Bitcoin. This was worth over $771 million at press time.
Source: Arkham Intelligence
It is worth noting that Tesla is set to release its next earnings report on the 23rd of October 2024.
This could shed more light on Tesla’s BTC strategy and the reasons behind the recent wallet movements.
In addition to Tesla’s holdings, Musk’s other venture, SpaceX, retained 8,285 Bitcoin. These holdings, which have also not moved in two years, were valued at $556 million.
- Arkham Intelligence uncovered the truth behind Tesla’s BTC transfers.
- Tesla remains the fourth-largest corporate Bitcoin holder.
Last week, the news of Tesla transferring nearly its entire Bitcoin [BTC] holding, worth $760 million at the time, to unknown wallets made headlines in the crypto sphere.
These transfers fueled speculation of potential sell-offs. However, those concerns may not be warranted.
Arkham Intelligence has now come out stating that the electric car manufacturer still likely retains ownership of its BTC.
The blockchain intelligence platform took to X (formerly Twitter) to clarify,
“We believe that the Tesla wallet movements that we reported on last week were wallet rotations with the Bitcoin still owned by Tesla.”
Arkham Intelligence details Tesla’s BTC movements
According to Arkham Intelligence, Tesla’s BTC holdings had remained untouched for two years before the 15th of October.
The recent movement saw the king coin being split across seven different wallets, each holding between 1,100 and 2,200 BTC.
The platform also highlighted that each of these wallets received test transactions, and all but one held a rounded figure of Bitcoin.
The two largest wallets, “1Fnhp” and “1LERL,” received 2,109.3 BTC and 1,900 BTC, respectively.
Other wallets included “1D6Vh” with 1,800 BTC, “16QZn” with 1,700 BTC, “1QC2z” holding 1,600 BTC, “1Phab” with 1,300 BTC, and “1MGM8” receiving 1,100 BTC.
The reason for these transfers remains unclear, though Arkham noted speculation that Tesla might be moving the funds to a custodian. This could potentially be to secure a loan using the BTC as collateral.
How did Bitcoin’s price react?
Interestingly, the transfers did not have an impact on Bitcoin’s price. On the day of the transfers, the coin peaked at nearly $68,000 and continued to trend upward until a recent dip on 21st October.
At the time of writing, BTC was trading at $67,082, reflecting a 0.68% decline over the past 24 hours, according to CoinMarketCap. Bitcoin’s trading volume also dropped by 20.28% over the past day.
Musk’s BTC reserves
Since Tesla’s recent transfers were made to wallets the company likely controls, thereby it still owned 11,509 Bitcoin. This was worth over $771 million at press time.
Source: Arkham Intelligence
It is worth noting that Tesla is set to release its next earnings report on the 23rd of October 2024.
This could shed more light on Tesla’s BTC strategy and the reasons behind the recent wallet movements.
In addition to Tesla’s holdings, Musk’s other venture, SpaceX, retained 8,285 Bitcoin. These holdings, which have also not moved in two years, were valued at $556 million.
I’m extremely impressed with your writing skills as well as with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the nice quality writing, it’s rare to see a nice blog like this one nowadays..
I think this is among the most vital information for me. And i am glad reading your article. But want to remark on some general things, The site style is wonderful, the articles is really great : D. Good job, cheers
Keep up the good piece of work, I read few posts on this internet site and I believe that your site is very interesting and holds circles of excellent information.
It’s really a nice and helpful piece of info. I am satisfied that you shared this helpful info with us. Please stay us up to date like this. Thank you for sharing.
Keep up the good piece of work, I read few posts on this site and I conceive that your website is rattling interesting and has got bands of superb information.
Purdentix review
Purdentix review
Purdentix
Purdentix reviews
The content is well-organized and highly informative.
I’m really impressed by the speed and responsiveness.
The content is engaging and well-structured, keeping visitors interested.
I’m really impressed by the speed and responsiveness.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
I love how user-friendly and intuitive everything feels.
The content is engaging and well-structured, keeping visitors interested.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
It provides an excellent user experience from start to finish.
The content is well-organized and highly informative.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The design and usability are top-notch, making everything flow smoothly.
This site truly stands out as a great example of quality web design and performance.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
This website is amazing, with a clean design and easy navigation.
The layout is visually appealing and very functional.
It provides an excellent user experience from start to finish.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The content is engaging and well-structured, keeping visitors interested.
This site truly stands out as a great example of quality web design and performance.
This website is amazing, with a clean design and easy navigation.
The content is well-organized and highly informative.
The content is well-organized and highly informative.
The layout is visually appealing and very functional.
The design and usability are top-notch, making everything flow smoothly.
The layout is visually appealing and very functional.
The content is engaging and well-structured, keeping visitors interested.
The design and usability are top-notch, making everything flow smoothly.
AQUASCULPT
A perfect blend of aesthetics and functionality makes browsing a pleasure.
The layout is visually appealing and very functional.
I’m really impressed by the speed and responsiveness.
This site truly stands out as a great example of quality web design and performance.
It provides an excellent user experience from start to finish.
The content is engaging and well-structured, keeping visitors interested.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
I love how user-friendly and intuitive everything feels.
This website is amazing, with a clean design and easy navigation.
I’m really impressed by the speed and responsiveness.
This site truly stands out as a great example of quality web design and performance.
This website is amazing, with a clean design and easy navigation.
I’m really impressed by the speed and responsiveness.
This site truly stands out as a great example of quality web design and performance.
The content is well-organized and highly informative.
The content is engaging and well-structured, keeping visitors interested.
This website is amazing, with a clean design and easy navigation.
I’m really impressed by the speed and responsiveness.
I love how user-friendly and intuitive everything feels.
The content is engaging and well-structured, keeping visitors interested.
This site truly stands out as a great example of quality web design and performance.
The content is engaging and well-structured, keeping visitors interested.
This site truly stands out as a great example of quality web design and performance.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
ICE WATER HACK
The content is well-organized and highly informative.
I’m really impressed by the speed and responsiveness.
The content is engaging and well-structured, keeping visitors interested.
The content is well-organized and highly informative.
The content is engaging and well-structured, keeping visitors interested.
I love how user-friendly and intuitive everything feels.
This website is amazing, with a clean design and easy navigation.
This site truly stands out as a great example of quality web design and performance.
I’m really impressed by the speed and responsiveness.
I love how user-friendly and intuitive everything feels.
The content is engaging and well-structured, keeping visitors interested.
The design and usability are top-notch, making everything flow smoothly.
I’m really impressed by the speed and responsiveness.
The content is well-organized and highly informative.
A perfect blend of aesthetics and functionality makes browsing a pleasure.
Christopher Nolan’s storytelling is always mind-blowing. Every movie feels like a masterpiece, and the way he plays with time and perception is just genius.
Nothing beats homemade pasta. The texture and flavor are just on another level compared to store-bought versions. Cooking from scratch is truly an art.
Live concerts have a special magic. No recording can ever capture that raw energy of the crowd and the artist performing in the moment.
A good book isn’t just entertainment—it’s a portal to another world. The best stories stay with you long after you’ve turned the last page.
Man is said to seek happiness above all else, but what if true happiness comes only when we stop searching for it? It is like trying to catch the wind with our hands—the harder we try, the more it slips through our fingers. Perhaps happiness is not a destination but a state of allowing, of surrendering to the present and realizing that we already have everything we need.
Time is often called the soul of motion, the great measure of change, but what if it is merely an illusion? What if we are not moving forward but simply circling the same points, like the smoke from a burning fire, curling back onto itself, repeating patterns we fail to recognize? Maybe the past and future are just two sides of the same moment, and all we ever have is now.
Friendship, some say, is a single soul residing in two bodies, but why limit it to two? What if friendship is more like a great, endless web, where each connection strengthens the whole? Maybe we are not separate beings at all, but parts of one vast consciousness, reaching out through the illusion of individuality to recognize itself in another.
The essence of existence is like smoke, always shifting, always changing, yet somehow always present. It moves with the wind of thought, expanding and contracting, never quite settling but never truly disappearing. Perhaps to exist is simply to flow, to let oneself be carried by the great current of being without resistance.
The potential within all things is a mystery that fascinates me endlessly. A tiny seed already contains within it the entire blueprint of a towering tree, waiting for the right moment to emerge. Does the seed know what it will become? Do we? Or are we all simply waiting for the right conditions to awaken into what we have always been destined to be?
Friendship, some say, is a single soul residing in two bodies, but why limit it to two? What if friendship is more like a great, endless web, where each connection strengthens the whole? Maybe we are not separate beings at all, but parts of one vast consciousness, reaching out through the illusion of individuality to recognize itself in another.
The cosmos is said to be an ordered place, ruled by laws and principles, yet within that order exists chaos, unpredictability, and the unexpected. Perhaps true balance is not about eliminating chaos but embracing it, learning to see the beauty in disorder, the harmony within the unpredictable. Maybe to truly understand the universe, we must stop trying to control it and simply become one with its rhythm.
All knowledge, it is said, comes from experience, but does that not mean that the more we experience, the wiser we become? If wisdom is the understanding of life, then should we not chase every experience we can, taste every flavor, walk every path, and embrace every feeling? Perhaps the greatest tragedy is to live cautiously, never fully opening oneself to the richness of being.
Lift detox funciona
Purdentix reviews
Appreciating the hard work you put into your blog and in depth information you provide. It’s good to come across a blog every once in a while that isn’t the same old rehashed material. Fantastic read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.
how to buy clomiphene without prescription clomid or nolvadex for pct clomid generic name can i buy clomid without prescription zei: can i purchase generic clomid without rx clomid chart can i order generic clomid without a prescription
More content pieces like this would urge the web better.
I’ll certainly bring back to be familiar with more.
buy azithromycin generic – metronidazole 400mg sale buy flagyl online cheap
semaglutide 14mg tablet – purchase semaglutide pills cyproheptadine 4 mg over the counter
buy cheap generic domperidone – order motilium generic cyclobenzaprine buy online
inderal generic – buy generic methotrexate 2.5mg order methotrexate 5mg pill