Arkham Intelligence identified the addresses of the Tesla and SpaceX companies containing almost 20,000 bitcoins, worth $1.3 billion at current prices. The blockchain analytics platform says the companies’ statements reflect on-chain data.

Arkham and Tesla and SpaceX addresses containing nearly 20,000 Bitcoin

On X, the blockchain analytics company, Arkham Intelligencerevealed that it had identified Tesla and SpaceX addresses containing nearly 20,000 bitcoins. Specifically, it is about 19,794 BTC, worth over $1.3 billion at current prices.

“BREAKING: TESLA AND SPACEX ARE NOW ON ARKHAM. Arkham identified Tesla and SpaceX’s BTC holdings. We are the first to publicly identify these on-chain holdings. We believe Tesla currently holds 11.51K BTC ($780M) across 68 addresses and SpaceX 8.29K BTC ($560M) across 28 addresses.

The on-chain fund flows we identified match financial statements from Tesla and SpaceX. Tesla purchased $1.5B worth of BTC in January 2021 and sold BTC on 2 occasions: Sold $272M BTC in Q1 2021, Sold $936M BTC in Q2 2022.

Tesla allowed the purchase of Tesla in Bitcoin between March 24 and May 12, 2021.

Our Tesla Intel Exchange Bounty revealed a Tesla car purchase linked to this larger group of Tesla holdings.”

Basically, Arkham believes that Tesla currently holds 11,509 BTC across 68 addresses, worth $770.7 million, e SpaceX 8,285 BTC across 28 addressesworth $554.9 million.

Not only that, the blockchain company confirms that the data on the chain matches the financial statements of the two companies at Elon Musk.

And in fact, Tesla reportedly purchased $1.5 billion of BTC in January 2021, selling on only two occasions: 1) $272 million in BTC in Q1 2021, and 2) $936 million in BTC in Q2 2022.

Arkham: Tesla and Spacex Bitcoin Addresses Confirm Companies’ Financial Statements

Another significant fact refers to that period in which Tesla had allowed the purchase of electric cars in BTC. Here too, Arkham confirms that the data on the chain corresponds to the statements made, in this case, by Tesla.

It was March 2021when Elon Musk published his tweet stating that from that moment it was possible to buy Tesla in bitcoin. Not only that, Musk stated that the BTC collected for the sale of Tesla cars would not be converted into fiat currency, but kept in bitcoin.

Immediately after, in May 2021, Musk then had to suspend Tesla’s bitcoin payments due to the excessive fossil fuel consumption of Bitcoin mining.

About that, Arkham Intelligence confirms that in the period between 24 March and 12 May 2021, the Tesla Intel Exchange Bounty revealed a Tesla car purchase linked to this larger group of Tesla holdings.

Elon Musk says he is open to using BTC on X

As is now known, Elon Musk also owns X, ex Twitter. Here too, there was a connection with Bitcoin (BTC).

And in fact, at the beginning of January, while the Bitcoin Spot ETFs were being approved in the USA, Elon Musk he would have declared explicitly that he is open to the idea of ​​using Bitcoin on

The statement came during a Space on X organized by Cathie Wood on Bitcoin ETFs, in which Musk also participated.

In any case, Musk did not go further than necessary and did not reveal what his idea referred to, but specified that not wanting to use BTC as a means of payment. According to Musk, in fact, Bitcoin like gold, is not suitable for payments.


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