Arkham Intelligence, a Leading Blockchain Analytics Firm, Reveals Tesla and SpaceX's Bitcoin Treasure Trove

In a groundbreaking revelation, Arkham Intelligence has uncovered the on-chain Bitcoin addresses affiliated with Elon Musk's iconic ventures, Tesla and SpaceX. Via a recent announcement on X (formerly Twitter), Arkham unveiled that Tesla currently boasts a robust holding of 11,510 BTC, valued at an impressive $780 million, distributed across 68 addresses. Similarly, SpaceX possesses a formidable 8,290 BTC, equivalent to a staggering $560 million, dispersed across 28 addresses.

The meticulous analysis conducted by Arkham indicates that the movement of on-chain funds aligns seamlessly with the financial disclosures of both Tesla and SpaceX. Notably, Tesla's monumental purchase of $1.5 billion worth of BTC in January 2021 reverberated across the crypto sphere, followed by two notable instances of BTC sales: $272 million in the first quarter of 2021 and a substantial $936 million in the second quarter of 2022. Moreover, Arkham shed light on Tesla's acceptance of Bitcoin payments for Teslas between March 24 and May 12, 2021, revealing a linkage between Tesla car purchases and its broader Bitcoin holdings.

Arkham's recent triumph in identifying on-chain addresses extends beyond Musk's enterprises, encompassing various spot Bitcoin exchange-traded funds (ETFs) operational in the United States. This accomplishment follows earlier revelations wherein the firm unearthed addresses associated with prominent entities such as the Grayscale Bitcoin Trust (GBTC), MicroStrategy, and addresses tied to the widely-used crypto trading platform Robinhood.

Tesla's immersion into the cryptocurrency realm commenced with its headline-grabbing acquisition of $1.5 billion in Bitcoin in 2021. Despite divesting a portion of these holdings subsequently, Tesla maintains a formidable stake in the digital asset. As per data from Bitcoin Treasuries, Tesla currently commands over 9,720 BTC, solidifying its position as the third-largest public holder of Bitcoin, trailing only behind BTC development juggernaut MicroStrategy and BTC mining powerhouse Marathon.

Notably, Tesla's public disclosures have remained conspicuously silent on any recent adjustments to its Bitcoin holdings. Even in its latest earnings report released in January, the cryptocurrency found no mention. Conversely, the transparency surrounding SpaceX's Bitcoin holdings is somewhat veiled owing to the company's private status. Nonetheless, reports indicate that SpaceX orchestrated Bitcoin holdings adjustments totaling $373 million between 2021 and 2022, including divestment maneuvers.