Arkham Intelligence Identifies Bitcoin Addresses of Tesla and SpaceX
According to Arkham Intelligence, a crypto intelligence firm, they have allegedly discovered the Bitcoin addresses belonging to Tesla and SpaceX. The firm claims to have identified these addresses through a meticulous analysis that aligns with the companies’ previous financial statements. The holdings of Bitcoin in these addresses are valued at over $1.3 billion.
Tesla and SpaceX’s Bitcoin Holdings
Arkham Intelligence states that Tesla currently holds 11.51K BTC (approximately $780 million) across 68 addresses, while SpaceX holds 8.29K BTC (approximately $560 million) across 28 addresses. Combined, the two companies possess 19,794 BTC.
- The total value of their Bitcoin holdings exceeds $1.33 billion based on the current trading price of $67,210 per Bitcoin.
- Tesla purchased $1.5 billion worth of BTC in January 2021 and has sold BTC on two occasions since then: $272 million in Q1 2021 and $936 million in Q2 2022.
- From March 24 to May 12, 2021, Tesla allowed the purchase of its vehicles using Bitcoin.
- A Tesla car purchase was linked to this larger cluster of Tesla holdings through Arkham’s Tesla Intel Exchange Bounty program.
Elon Musk’s Critique of OpenAI
Elon Musk has recently sparked discussions within the cryptocurrency community by criticizing OpenAI, the creator of ChatGPT. Musk, who played a crucial role in founding the AI research company, took to social media to mock OpenAI and rebranded it as “ClosedAI.” This move comes as Musk is engaged in a legal battle against OpenAI CEO Sam Altman, accusing him of breaching the firm’s foundational agreements of being an open-source and non-profit establishment.
The crypto community has reacted to Musk’s actions, speculating about the broader implications:
- Support for Musk’s critique has been particularly strong within the crypto community, given his efforts to incorporate Grok AI, a chatbot developed by his own startup xAI, into the X platform.
- David Gokhshtein, a prominent figure in the crypto industry, suggests that Musk should consider taking over OpenAI, drawing a parallel with his acquisition of Twitter.
Hot Take: Tesla and SpaceX Hold Over $1.3 Billion Worth of Bitcoins
In a recent announcement by Arkham Intelligence, it has been revealed that Tesla and SpaceX hold Bitcoin holdings worth more than $1.3 billion. Arkham claims to have identified the Bitcoin addresses associated with these companies through meticulous analysis that aligns with their financial statements. This discovery sheds light on the significant presence of Bitcoin in two major companies led by Elon Musk.
While Tesla holds 11.51K BTC across 68 addresses valued at approximately $780 million, SpaceX holds 8.29K BTC across 28 addresses valued at around $560 million. These combined holdings amount to 19,794 BTC.
Elon Musk’s recent criticism of OpenAI has also generated interest within the cryptocurrency community. By mocking OpenAI as “ClosedAI” and accusing its CEO of breaching foundational agreements, Musk has sparked discussions about the future of AI development and his own involvement in this field.
As always, Elon Musk’s actions and statements continue to captivate both the crypto and AI communities, leaving many wondering what his next move will be.
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