Tesla Bitcoin Wallet Balance Increases by 1,789 Pieces, Sparking Buyback Speculation
Crypto data analytics platform Arkham recently added Tesla's Bitcoin wallet tracking to its dashboard. The BTC wallet associated with Tesla shows a balance of 11,509 BTC, which is about 1,789 BTC more than the 9,720 BTC balance reported in the last earnings report.Users are curious if Tesla has begun to buy back bitcoin or if some of the recent changes in the numbers are due to an accounting error. Users have indicated that the company may have started buying BTC since its last earnings call and may report new BTC purchases on its next financial call. Tesla and Musk have not yet commented on whether or not Tesla is buying Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ—US Stock Market Updates: CoreWeave, Travelers, Tesla
Bank of America Hartnett: "Still inclined toward risk aversion" in the coming weeks, as US Treasuries set a four-year record for longest inflow streak
U.S. equity funds attracted $39 billion in inflows in a single week, pushing the annualized scale toward a historic high, while U.S. Treasuries also saw capital inflows for 16 consecutive weeks. However, Bank of America strategist Hartnett warns that due to rising real yields, the performance of AI and banking stocks, and the volatility of the midterm elections, there is still a preference for risk aversion in the coming weeks.
RBC Cuts Price Target on Equifax to $177 From $194, Keeps Outperform Rating
Crypto prices
More
