Bitcoin

Arkham

Elon Musk

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<p dir="ltr">In a shocking revelation for the crypto industry, data from the blockchain analysis platform Arkham&nbsp;<a href="https://twitter.com/ArkhamIntel/status/1765705289674690822" rel="noopener noreferrer nofollow">revealed</a> the magnitude of Bitcoin (BTC) owned by Elon Musk's firms Tesla and SpaceX.&nbsp;</p>
<h2 id="tesla-s-and-spacex-s-bitcoin-holdings">Tesla's and SpaceX's Bitcoin holdings</h2>
<p dir="ltr">According to a recent post on X, Arkham unveiled that Tesla currently holds 11,510 BTC, valued at approximately $780 million, distributed across 68 addresses.</p>
<p dir="ltr">Additionally, the data also shows that SpaceX boasts its own Bitcoin treasure chest, with holdings totaling 8,290 BTC, valued at approximately $560 million, dispersed across 28 addresses.</p>
<p dir="ltr">What makes this revelation even more surprising is that it contradicts Tesla's earlier disclosure in its Q4 report, where it claimed to <a href="https://u.today/heres-how-much-bitcoin-tesla-holds-1" rel="noopener noreferrer nofollow">possess 9,720 BTC</a>. Arkham's findings suggest that Tesla's Bitcoin holdings have exceeded the previously reported figure, implying a potentially larger investment in the cryptocurrency than previously disclosed.</p>
<p dir="ltr">Tesla's journey into the world of Bitcoin began in February 2021 when the company made headlines by investing a substantial $1.5 billion in the cryptocurrency. This action sent ripples through the crypto space, catapulting Bitcoin's value to new highs.&nbsp;</p>
<p dir="ltr">However, Arkham noted in its recent report that Tesla divested a portion of its holdings, selling $272 million worth of Bitcoin in Q1, 2021, and $936 million in Q2, 2022. Interestingly, Arkham's Tesla Intel Exchange Bounty uncovered a Tesla car purchase linked to the larger cluster of Tesla's Bitcoin holdings, providing additional validation for the platform's findings.</p>
<h2 id="musk-s-stance-on-cryptocurrency">Musk's stance on cryptocurrency</h2>
<p dir="ltr">Despite his&nbsp;<a href="https://u.today/elon-musk-becomes-bitcoiner-crypto-community-celebrates-3-year-anniversary" rel="noopener noreferrer nofollow">endorsement</a> of Bitcoin, Elon Musk remains somewhat hesitant toward cryptocurrency as a whole. When questioned about its impact on the monetary system by Cathie Wood, Musk&nbsp;<a href="https://u.today/elon-musk-i-dont-spend-much-time-thinking-about-cryptocurrency-but-heres-catch" rel="noopener noreferrer nofollow">admitted</a> to spending little time pondering cryptocurrency but expressed a keen interest in understanding the nature of money itself.&nbsp;</p>
<p dir="ltr">Notably, Musk has been a vocal supporter of Dogecoin, often referring to it as the "people's money" and endorsing it through various means, including social media.</p>

Elon Musk's Tesla and SpaceX Bitcoin Holdings Uncovered: Data

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