Tesla owns about 0.06% of the total BTC in circulation, making it one of many so-called Bitcoin “whales.” Whales are investors whose actions can have a significant impact on the market. Tesla is the fourth-biggest U.S. company in terms of its Bitcoin holdings, according to Bitcoin Treasuries. Even so, Musk’s Tesla still holds significant amounts of Bitcoin. And when that Bitcoin starts to move around on the blockchain, people start to worry. Tesla holds over 11,500 BTC, worth just over $775 million. When it moved the entirety of its holdings recently, investors got worried Tesla might be getting ready to make a sale. Do you think that Tesla ownership of Bitcoin should make small holders worried ?
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