Arkham Intelligence has successfully identified the on-chain Bitcoin addresses associated with Elon Musk's renowned companies, Tesla and SpaceX. In a recent social media announcement on X (formerly Twitter), Arkham disclosed that Tesla currently holds 11,510 BTC, valued at $780 million, distributed across 68 addresses. Additionally, SpaceX possesses 8,290 BTC, equivalent to $560 million, spread across 28 addresses.

The blockchain analytical firm noted that the movements of on-chain funds align with the financial disclosures of both Tesla and SpaceX. It highlighted Tesla's significant purchase of $1.5 billion worth of BTC in January 2021, along with two instances of BTC sales: $272 million in the first quarter of 2021 and $936 million in the second quarter of 2022. Arkham also revealed that Tesla allowed Bitcoin purchases for Teslas between March 24 and May 12, 2021, with a Tesla car purchase linked to a larger cluster of Tesla holdings.

In recent months, Arkham has successfully identified the on-chain addresses of various spot BTC exchange-traded funds (ETFs) operating in the United States. Prior to this, the firm uncovered addresses associated with prominent entities such as the Grayscale Bitcoin Trust (GBTC), MicroStrategy, and addresses linked to the popular crypto trading platform Robinhood.

Tesla's foray into the cryptocurrency space began with its notable acquisition of $1.5 billion in Bitcoin in 2021. Despite divesting a portion of these holdings, Tesla still maintains a significant stake in the digital asset. According to data from Bitcoin Treasuries, Tesla currently holds over 9,720 BTC, positioning it as the third-largest public holder of Bitcoin, following BTC development company MicroStrategy and BTC miner Marathon.

Interestingly, Tesla's public disclosures have not indicated any recent adjustments to its Bitcoin holdings. Even in the latest earnings report released in January, there was no mention of the cryptocurrency. On the other hand, the transparency of SpaceX's Bitcoin holdings is somewhat obscured due to the company not being publicly traded. However, reports suggest that SpaceX made adjustments to its Bitcoin holdings totaling $373 million between 2021 and 2022, which included selling off a portion of the asset.