For the first time in two years! Tesla transferred $765 million worth of Bitcoin holdings

According to the cryptocurrency website decrypto, Tesla has transferred its holdings of Bitcoin for the first time in two years. Although there is currently no indication that Tesla is selling Bitcoin, the company has transferred approximately $765 million worth of Bitcoin to an unknown wallet. This wallet appears to be new and it is unknown if it is related to any cryptocurrency exchange. In February 2021, Tesla announced the purchase of $1.5 billion worth of Bitcoin and sold 10% of its holdings in the second quarter of 2021. In July 2022, Tesla sold 75% of the remaining Bitcoin holdings. Since then, Tesla has continued to hold the remaining Bitcoin. The current price of Bitcoin is around $66,500. In addition to buying and selling Bitcoin, Tesla has a complex relationship with Bitcoin. In 2021, Tesla announced that it would accept Bitcoin as payment, but two months later, Musk suspended this initiative citing the environmental impact of Bitcoin mining. Musk also stated that once the majority of Bitcoin mining is powered by green energy, the company will consider resuming accepting Bitcoin payments, but the company has not done so yet. Furthermore, Musk is also a loyal fan of Dogecoin