Arkham Intelligence has uncovered the Bitcoin addresses associated with Elon Musk’s companies, Tesla and SpaceX.
In a social media post dated March 7th, shared on X (formerly Twitter), Arkham revealed that Tesla holds 11,510 BTC, valued at $780 million, spread across 68 addresses. Additionally, SpaceX possesses 8,290 BTC, equivalent to $560 million, distributed across 28 addresses.
Arkham noted that the movement of funds on-chain corresponds with the financial disclosures made by both companies. It highlighted Tesla’s $1.5 billion BTC purchase in January 2021, as well as two instances of BTC sales: $272 million in the first quarter of 2021 and $936 million in the second quarter of 2022.
“Our Tesla Intel Exchange Bounty uncovered a Tesla car purchase linked to this larger cluster of Tesla holdings,” added the blockchain analytical firm, referencing Tesla’s acceptance of Bitcoin payments for car purchases between March 24th and May 12th, 2021.
In recent months, Arkham has also identified on-chain addresses belonging to various spot BTC exchange-traded funds (ETFs) operating within the United States. Prior to this, the firm successfully identified addresses associated with significant entities such as the Grayscale Bitcoin Trust (GBTC), MicroStrategy, and those linked to the popular crypto trading platform Robinhood.
Tesla’s Bitcoin Holdings Tesla made waves in the crypto space with its notable acquisition of $1.5 billion worth of Bitcoin in 2021. Although the company has since divested some of these holdings, it still maintains a significant stake.
According to data from Bitcoin Treasuries, Tesla currently holds over 9,720 BTC. This positions Tesla as the third-largest public holder of Bitcoin, trailing behind BTC development company MicroStrategy and BTC miner Marathon.
Interestingly, Tesla’s public disclosures have not yet reflected any changes to its Bitcoin holdings. Even the latest earnings report, released in January, makes no mention of the cryptocurrency.
Regarding SpaceX’s Bitcoin holdings, transparency is somewhat limited as the company is not publicly traded. However, reports indicate that SpaceX adjusted its Bitcoin holdings by $373 million between 2021 and 2022, which includes selling off a portion of the asset.