Bitcoin

Arkham

Elon Musk

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Arkham Intelligence has reportedly identified Bitcoin addresses for Tesla and SpaceX, with a combined holding of 19,794 BTC.</li>
 <li>Tesla and SpaceX’s Bitcoin holdings are estimated to be worth over $1.3 billion.</li>
</ul>
<p>Arkham Intelligence, a blockchain analytics platform, alleges to have found the Bitcoin addresses of Tesla and SpaceX. These addresses reportedly hold a total of 19,794 Bitcoin, valued at more than $1.3 billion at present rates.</p>
<h2 id="bitcoin-holdings-of-tesla-and-spacex">Bitcoin Holdings of Tesla and SpaceX</h2>
<p>The firm announced that it has identified the Bitcoin holdings of Tesla and SpaceX, claiming to be the first to do so publicly. According to Arkham, Tesla currently has 11,509 Bitcoin spread across 68 addresses, valued at $770.7 million. Meanwhile, SpaceX holds 8,285 BTC across 28 addresses, worth $554.9 million.</p>
<p>Arkham stated that the on-chain fund flows align with the financial statements provided by both companies. “Tesla purchased $1.5B of BTC in Jan 2021, and sold BTC on two occasions: Sold $272M BTC in Q1 2021. Sold $936M BTC in Q2 2022,” the firm reported.</p>
<p>Moreover, Arkham highlighted that Tesla allowed the purchase of its vehicles using Bitcoin between March 24 and May 12, 2021.</p>
<h2 id="public-statements-by-elon-musk">Public Statements by Elon Musk</h2>
<p>In a 2021 discussion, SpaceX CEO Elon Musk mentioned that the rocket company owned Bitcoin, but did not disclose the amount since the company is privately held. During the same event, Musk revealed that Tesla, known for its electric vehicles, had added $1.5 billion in Bitcoin to the company’s balance sheet.</p>
<p>In 2021, the Wall Street Journal reported that SpaceX had written down its Bitcoin holdings by $373 million. Tesla and SpaceX were approached for comments on the matter.</p>

Arkham Discloses Nearly 20,000 BTC Held in Tesla and SpaceX’s Bitcoin Wallets

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