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Arkham Intelligence has reportedly identified the Bitcoin addresses associated with Tesla and SpaceX, with their holdings estimated to exceed $1.3 billion.
As per Arkham’s announcement on social media, the crypto intelligence firm asserted that it has located the Bitcoin addresses of Tesla and SpaceX through a detailed examination. They indicated that these addresses correspond with the companies’ earlier financial disclosures.
BREAKING: TESLA & SPACEX ARE NOW ON ARKHAM
Arkham has recognized the BTC holdings of Tesla and SpaceX. We are the first to publicly disclose these holdings on-chain.
We estimate Tesla currently possesses 11.51K BTC ($780M) across 68 addresses, while SpaceX holds 8.29K BTC ($560M)… pic.twitter.com/vwoEJ0h0dS
— Arkham (@ArkhamIntel) March 7, 2024
Tesla and SpaceX’s Bitcoin Holdings
“The on-chain fund flows we’ve detected correspond with financial statements from Tesla and SpaceX,” remarked Arkham.
“We estimate Tesla currently possesses 11.51K BTC ($780M) across 68 addresses, and SpaceX holds 8.29K BTC ($560M) across 28 addresses,” Arkham stated.
The two highlighted companies collectively own 19,794 BTC according to Arkham’s report. At the present trading price of $67,210, the total worth of their holdings would surpass $1.33 billion.
“Tesla acquired $1.5B of BTC in January 2021 and sold BTC on two occasions: Sold $272M BTC in Q1 2021; Sold $936M BTC in Q2 2022,” the firm noted.
The announcement also revealed that from March 24 to May 12, 2021, Tesla allowed the purchase of its vehicles using Bitcoin.
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“Our Tesla Intel Exchange Bounty uncovered a Tesla car purchase linked to this larger cluster of Tesla holdings,” Arkham mentioned.
Elon Musk Criticizes OpenAI’s Strategy
Elon Musk has recently sparked conversations within the cryptocurrency community by criticizing ChatGPT’s creator, OpenAI.
Musk, who was instrumental in the establishment of the AI research organization, took to social media on March 6 with a series of memes targeting the company, renaming it “ClosedAI.”
This mockery arose amid Musk’s legal dispute with OpenAI CEO Sam Altman, accusing him of violating the firm’s foundational principles of being an open-source and non-profit entity.
The cryptocurrency community responded with speculation regarding the broader consequences of Musk’s actions.
Support for Musk’s criticism has been notably strong within the crypto community, particularly considering his attempts to integrate Grok AI, a chatbot developed by Musk’s own startup xAI, into the X platform.
David Gokhshtein, a prominent figure in the crypto space, suggested that Musk should contemplate taking over OpenAI, drawing a parallel to his acquisition of Twitter.
The post Tesla and SpaceX Hold Over $1.3 Billion Worth of Bitcoins: Arkham appeared first on Cryptonews.
