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Tesla Reenters the Bitcoin Arena: Major Transactions Ignite Speculation

Tesla has reentered the cryptocurrency market, executing its first Bitcoin transactions in two years, including a significant transfer of approximately $225 million. Following this, the company moved a total of $760 million in Bitcoin, raising questions about its intentions—whether it's positioning for renewed investment or merely managing internal finances. Historically, Tesla’s involvement with Bitcoin has been both influential and tumultuous, marked by substantial investments and subsequent sell-offs.

2024-10-17Read
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