Arkham claims to identify Tesla and SpaceX’s Bitcoin addresses holding nearly 20,000 BTC
Arkham Intelligence claims it has identified the Bitcoin addresses associated with Tesla and SpaceX’s holdings.The addresses hold a combined 19,794 BTC, currently worth over $1.3 billion.
Blockchain analytics platform Arkham Intelligence claims to have identified the Bitcoin addresses for Tesla and SpaceX — holding a combined 19,794 BTC +0.42% , worth more than $1.3 billion at current prices.
“Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on chain,” the firm posted on X.
Arkham believes Tesla currently holds 11,509 BTC across 68 addresses, worth $770.7 million, and SpaceX 8,285 BTC among 28 addresses, worth $554.9 million.
Arkham said the on-chain fund flows matched financial statements made by both companies. “Tesla purchased $1.5B of BTC in Jan 2021, and sold BTC on 2 occasions: Sold $272M BTC in Q1 2021. Sold $936M BTC in Q2 2022,” it wrote.
“Tesla allowed purchases of Teslas in Bitcoin between March 24 and May 12 2021,” Arkham added.
RELATED INDICES
SpaceX CEO Elon Musk mentioned in a 2021 talk that the rocket company owned bitcoin, but it wasn't known how much at the time since the firm is private. During the same 2021 event, Musk said that Tesla, the other Musk-led company known for its electric vehicles, had added $1.5 billion in bitcoin to the firm's balance sheet.
Last year, the Wall Street Journal reported that SpaceX wrote down its bitcoin holdings by $373 million.
The Block reached out to Tesla and SpaceX for comment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget to decouple loan interest rates from futures funding rates for select coins in spot margin trading
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
Trending news
MoreCrypto prices
More
