tl;dr
Elon Musk's Tesla has transferred its entire $760 million Bitcoin holdings from its public wallet in multiple transactions, marking its first BTC transactions in over two years. The company moved the bitcoins to several other cold wallets for security purposes, sparking speculation about a potential...
Elon Musk's Tesla transfers $760M Bitcoin stash from public wallet
Tesla moves $760 million worth of Bitcoin to multiple wallets
Elon Musk's Tesla has transferred its entire $760 million Bitcoin holdings from its public wallet in multiple transactions, marking its first BTC transactions in over two years. The company moved the bitcoins to several other cold wallets for security purposes, sparking speculation about a potential sale and its impact on the market. The transfers come amidst Bitcoin's price rally, raising concerns about selling pressure.
While the reason for the transfers remains unconfirmed, it's speculated that the move could be for security and to avoid concentration of holdings, with the possibility of over-the-counter sales to minimize market impact.
Source: Coingape
More about City Office
City Office, City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the southern and western United States.
Industry: Real Estate & Construction, Real Estate Investment Trusts
Market Cap: 223.658B
Dividend Yield: None
P/E Ratio: 0.4
EPS: -0.36
ROE: 4.381
ROI: -0.0402
Volume: 175.37M
Stock Price: $6.38
52-Week Change: -0.523
52-Week High/Low: -0.051
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation Summary
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry: MANUFACTURING, SHIP & BOAT BUILDING & REPAIRING
Market Cap: $82.49 billion
Current Price: $23.4
EPS: $5.48
P/E Ratio: 12.83
52-Week High: $164.48
Dividend Yield: 7.89%
Revenue: $44.946 billion
Net Income: $3.2735 billion
Debt to Equity: 0.207
Current Ratio: 0.18