Arkham Intelligence has reportedly uncovered the Bitcoin addresses associated with Tesla and SpaceX, revealing holdings valued at over $1.3 billion. The crypto intelligence firm made this revelation public through a detailed analysis, indicating that these addresses are in line with the financial records of the two companies.
In a recent announcement on social media, Arkham shared that Tesla is believed to hold 11.51K BTC (equivalent to $780 million) spread across 68 addresses, while SpaceX holds 8.29K BTC (amounting to $560 million) across 28 addresses. This brings the total combined BTC holdings of both companies to 19,794 BTC. Based on the current trading price of $67,210 per Bitcoin, the total value of their holdings surpasses $1.33 billion.
Arkham’s findings also highlighted Tesla’s previous Bitcoin transactions, noting that the company purchased $1.5 billion worth of BTC in January 2021. Subsequently, Tesla sold $272 million worth of BTC in Q1 2021 and $936 million worth in Q2 2022.
Furthermore, it was revealed that between March 24 and May 12, 2021, Tesla allowed the purchase of its vehicles using Bitcoin. Arkham’s Tesla Intel Exchange Bounty uncovered a Tesla car purchase linked to the larger cluster of Tesla’s Bitcoin holdings.
In a separate development, Elon Musk, a prominent figure in the cryptocurrency community, recently stirred conversations by criticizing OpenAI, the creator of ChatGPT. Musk, who played a pivotal role in establishing the AI research company, took to social media on March 6 to mock OpenAI, renaming it as “ClosedAI.” This move was part of Musk’s legal dispute with OpenAI CEO Sam Altman, accusing him of violating the company’s core principles of being open source and non-profit.
Musk’s actions have sparked speculation within the crypto community about their broader implications. Support for Musk’s stance has been particularly strong in the crypto sphere, especially considering his efforts to integrate Grok AI, a chatbot developed by his startup xAI, into the X platform.
Notable crypto personality David Gokhshtein even suggested that Musk should contemplate acquiring OpenAI, drawing parallels to his recent acquisition of Twitter. This unfolding narrative underscores the dynamic interplay between tech innovators, AI ethics, and the evolving landscape of digital assets.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
