The electric carmaker moved its stash of BTC to new wallets earlier this week, sparking speculation on why it may have done so.

  • Some bitcoin traders were spooked as Tesla on Wednesday moved its BTC stash for the first time in over two years.
  • So far, though, none of the bitcoins have apparently made it to exchange wallets or were swapped for stablecoins.
  • Here's some reasons why companies may move their digital assets.

Elon Musk-controlled Tesla (TSLA) created ripples earlier this week as it moved over $750 million worth of bitcoin (BTC) to new wallets after nearly two years of the stash being untouched.

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