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Arkham Intelligence made headlines on March 7, 2024, by revealing the Bitcoin addresses linked to Elon Musk’s Tesla and SpaceX, showcasing 19,794 BTC. This discovery, valued at over $1.3 billion, marks a breakthrough in blockchain analytics.
Details from the Digital Ledger
Arkham detailed that Tesla’s cache includes 11,509 BTC across 68 addresses, amounting to $770.7 million. Meanwhile, SpaceX holds 8,285 BTC in 28 addresses, valued at $554.9 million. These findings align with the companies’ financial disclosures. Notably, Tesla’s adventurous foray into Bitcoin transactions and subsequent sales mirrored its digital asset portfolio fluctuations.
Moreover, the report reignites interest in the companies’ crypto ventures. Elon Musk previously disclosed Tesla’s $1.5 billion Bitcoin investment and SpaceX’s undisclosed amount, which suffered a $373 million write-down last year.
This revelation by Arkham underscores the growing intersection of traditional business and cryptocurrency and enhances transparency in the digital economy. As the crypto landscape continues to evolve, such insights offer a glimpse into the investment strategies of leading technology firms.
Also Read: Arkham Unmasks MicroStrategy’s Massive Crypto Stash
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