Arkham: Tesla previously transferred $780 million in Bitcoin to an unknown wallet, possibly for transfer to a custodian

ChainCatcher news, according to a blockchain analytics company, despite Tesla transferring all funds to an unidentified wallet on October 15, the company may still hold its entire Bitcoin reserve worth $780 million. Arkham data shows that since October 15, these wallets have not moved any Bitcoin funds. While it is currently unclear why Tesla made the transfer, Arkham points out that some observers speculate that these funds may be moving to a custodian, which could allow Musk's company to obtain loans using Bitcoin as collateral. Tesla executives may reveal their plans for Bitcoin during the third-quarter earnings call scheduled after the market closes on October 23.