Arkham has reported that it only lists transactions that receive network confirmation. Currently, confirmed transfers amount to 3,000 BTC, which is approximately $225 million. In our previous coverage, we mentioned that there are also unconfirmed transfers totaling $112 million. However, it is important to clarify that these unconfirmed transactions do not necessarily imply that Tesla will “definitely” sell its Bitcoin holdings.
This distinction is crucial for crypto investors, as it highlights the need for caution in interpreting transaction data. With the rising interest in Bitcoin and the activities of major corporations like Tesla, market speculation can often lead to misunderstandings. Therefore, readers must pay close attention to the nuances of blockchain transactions to make informed decisions in the volatile crypto market.