Decrypting the Crypto Holdings: Tesla and SpaceX’s Bitcoin Stash Unveiled

    Uncover the cryptographic secrets as Arkham reveals Tesla's 11,509 BTC ($780M) and SpaceX's 8,285 BTC ($560M) holdings. Dive into the on-chain analysis aligning with financial statements, decoding Tesla's bitcoin journey from purchase to strategic sales. Elon Musk's crypto ventures unmasked.

    • Arkham, a crypto analytics firm, claims to have identified the bitcoin holdings of Tesla and SpaceX.
    • According to Arkham’s analysis, Tesla owns 11,509 BTC ($780M), while SpaceX holds 8,285 BTC ($560M).
    • On-chain fund flows align with financial statements, confirming Tesla’s $1.5 billion bitcoin purchase in January 2021 and subsequent sales.
    • Tesla sold $272 million worth of BTC in Q1 2021 and an additional $936 million in Q2 2022.
    • Transactional data reveals Tesla accepted BTC for vehicle purchases between March 24 and May 12, 2021.
    • SpaceX’s bitcoin holdings were disclosed by Elon Musk, who mentioned that the company owns “a bunch of bitcoin.”

    Tesla’s Bitcoin Odyssey

    Cryptocurrency analytics firm Arkham has brought to light the bitcoin holdings of Tesla, headed by the enigmatic Elon Musk. Arkham’s on-chain analysis reveals that Tesla possesses a substantial 11,509 BTC, valued at an impressive $780 million. This revelation follows a meticulous examination of on-chain fund flows, aligning seamlessly with Tesla’s financial statements. Notably, Tesla entered the crypto arena with a monumental $1.5 billion bitcoin purchase in January 2021.

    The journey of Tesla’s bitcoin venture involved strategic sales. In the first quarter of 2021, the electric car giant offloaded $272 million worth of BTC, followed by an additional sale of $936 million in the second quarter of 2022. Intriguingly, Arkham’s transactional data exposes that Tesla embraced BTC as a form of payment for vehicle purchases during a period stretching from March 24 to May 12, 2021. Despite these maneuvers, Tesla maintained its digital asset holdings at $184 million in Q4 2023.

    SpaceX’s Crypto Holdings Unveiled

    Not stopping at Tesla, Arkham extends its cryptographic scrutiny to SpaceX, another brainchild of Elon Musk. The findings indicate that SpaceX boasts ownership of 8,285 BTC, equivalent to a substantial $560 million. Elon Musk had previously hinted at SpaceX’s bitcoin reserves, mentioning that the aerospace manufacturer holds “a bunch of bitcoin.” Arkham’s identification of on-chain fund flows corroborates Musk’s revelation.

    For enthusiasts eager to explore the crypto portfolios of these tech giants, Arkham has provided visibility into the bitcoin holdings of both Tesla and SpaceX. These revelations add a layer of transparency to the often-guarded financial maneuvers in the cryptocurrency realm.

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