Elon Musk’s Tesla Just Moved $765 Million in Bitcoin to Unknown Wallets

Nearly all of Tesla’s Bitcoin is on the move after two years of inactivity.

Wallets associated with Elon Musk’s electric car company, as labeled by Arkham Intelligence, moved approximately $765 million worth of Bitcoin—all but about $6 worth—to unknown wallets on Tuesday. The wallets appear to be new and are not known to be associated with crypto exchanges, so there’s no immediate suggestion that Tesla is planning to sell the Bitcoin.

Decrypt reached out to Tesla for comment and confirmation but did not receive an immediate response.

Editor’s note: This story is breaking and will be updated with additional details.