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.
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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.
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