CryptoQuant analyst: Tesla's transfer of BTC may be due to compliance, internal audit, wallet management, etc.

Odaily News Arkham Intelligence data shows that Tesla has transferred its Bitcoin reserves for the first time in more than two years, which has caused panic among some Bitcoin traders. CryptoQuant community analyst Maartunn said that he speculated that Tesla may transfer BTC for the following reasons: 1. Compliance or internal audit: Tesla may transfer Bitcoin to fulfill accounting or legal obligations related to reporting or internal audits; 2. Wallet management: Tesla may use multiple wallets for operational purposes, but this seems unlikely; 3. Reorganization of funds: part of a strategy to reorganize Bitcoin holdings to cope with future sales or loans. (Coindesk)