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Crypto wallets belonging to Tesla and SpaceX, each owned by Elon Musk, maintain over $1.3 billion in Bitcoin (BTC), says Arkham Intelligence.
The on-chain sleuth revealed in a Mar. 7 report that Tesla presently holds round 11,500 BTC price greater than $773 million at BTC’s current price, whereas wallets linked to SpaceX comprise $555 million price of the main cryptocurrency.
Tesla’s BTC Holdings Elevated Since Its Final Earnings Name
Tesla holds 1,789 BTC, greater than declared within the firm’s earlier earnings name, suggesting it has bought extra BTC lately. Tesla and Elon Musk, the corporate’s CEO, haven’t confirmed if the corporate bought extra BTC.
BREAKING: TESLA & SPACEX ARE NOW ON ARKHAM
Arkham has recognized the BTC holdings of Tesla and SpaceX. We’re the primary to publicly establish these holdings on chain.
We imagine Tesla presently holds 11.51K BTC ($780M) throughout 68 addresses, and SpaceX holds 8.29K BTC ($560M)… pic.twitter.com/vwoEJ0h0dS
— Arkham (@ArkhamIntel) March 7, 2024
Information from Arkham Intelligence reveals that Tesla purchased $1.5 billion price of BTC in February 2021. It then bought round 4,320 cash a month later, earlier than one other sale of 29,160 bitcoins within the second quarter of the next yr. SpaceX additionally dumped a considerable quantity of its BTC holdings available on the market over an identical interval.
The on-chain fund flows we’ve recognized match monetary statements from Tesla and SpaceX.
Tesla bought $1.5B of BTC in Jan 2021, and bought BTC on 2 events:
Bought $272M BTC in Q1 2021
Bought $936M BTC in Q2 2022Tesla allowed purchases of Teslas in Bitcoin between March 24… pic.twitter.com/d7xLcyPmT6
— Arkham (@ArkhamIntel) March 7, 2024
Elon Musk Companies In Revenue On Company Bitcoin Investments
The rise in BTC’s value has pushed SpaceX’s earnings on the crypto to roughly $132 million, whereas Tesla is roughly $455 million within the inexperienced, Arkham mentioned.
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Elon Musk Companies SpaceX And Tesla Hold Over $1.3 Billion In Bitcoin, Arkham Intelligence Says insidebitcoins.com 2024-03-08 20:59:33
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