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

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

Tesla, led by Elon Musk, has stirred speculation in the cryptocurrency world by transferring nearly all of its Bitcoin holdings—valued at approximately $765 million—to unknown wallets. This action raises questions about whether the electric vehicle manufacturer is planning to sell its Bitcoin.