The Addresses of Tesla and SpaceX Holding Nearly 20,000 Bitcoins Identified by Arkham Intelligence
Arkham Intelligence, a blockchain analysis company, has recently revealed that they have successfully identified the Bitcoin addresses associated with Tesla and SpaceX. The total amount of Bitcoin held by these companies is approximately 19,794 BTC, equivalent to over 1.3 billion dollars at current market prices.
- Tesla’s Holdings:
- 11,509 BTC across 68 addresses
- Valued at $770.7 million
- SpaceX’s Holdings:
- 8,285 BTC across 28 addresses
- Valued at $554.9 million
Confirmation of Financial Statements by Arkham Intelligence
Arkham Intelligence asserts that the data on the blockchain aligns with the financial reports released by Tesla and SpaceX. Specifically, Tesla is said to have made a significant Bitcoin purchase of $1.5 billion in January 2021 and subsequently conducted two Bitcoin sales:
- Sold $272 million worth of BTC in Q1 2021
- Sold $936 million worth of BTC in Q2 2022
Additionally, Arkham confirms that during the period when Tesla allowed customers to buy their electric vehicles using Bitcoin, the blockchain data corroborates with the company’s public statements.
Elon Musk’s Involvement with Bitcoin and X
Elon Musk, the CEO of both Tesla and SpaceX, has also shown interest in incorporating Bitcoin into his other ventures. Notably, Musk expressed openness to utilizing Bitcoin on X (previously Twitter) during a discussion about Bitcoin ETFs.
While Musk did not elaborate on his intentions regarding Bitcoin integration on X, he made it clear that he does not view Bitcoin as a suitable medium for everyday transactions due to its characteristics being more akin to gold than traditional currency.
Closing Thoughts: Potential Implications of Arkham’s Findings
The identification of nearly 20,000 Bitcoins held by Tesla and SpaceX by Arkham Intelligence sheds light on the growing intersection between traditional companies and digital assets. As more established corporations like Tesla embrace cryptocurrencies, it underscores the need for greater transparency and understanding of blockchain technology in mainstream business operations.
By
By
By
