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Tesla And SpaceX Bitcoin Holdings Are Now Disclosed With Over $1.3 Billion

Key Points:

Arkham reveals Elon Musk’s Tesla and SpaceX Bitcoin holdings reach over $1.3 billion.
Tesla owns 11.51k BTC ($780M), and SpaceX holds 8.29k BTC ($560M).
Disclosure prompts scrutiny of digital assets in corporate finance and their influence on cryptocurrency markets.

Cryptocurrency analysis firm Arkham has unveiled the Bitcoin (BTC) holdings of Elon Musk’s corporate giants, Tesla and SpaceX, sparking widespread interest and speculation among investors and the crypto community.

Arkham Uncovers Tesla and SpaceX Bitcoin Holdings

Arkham’s data reveals that Tesla currently possesses 11.51 thousand BTC, valued at about $780 million, distributed across 68 addresses. Meanwhile, SpaceX holds approximately 8.29 thousand BTC, worth around $560 million, held in 28 addresses.

Tesla and SpaceX Bitcoin holdings highlight the significant impact corporate investments can have on the volatile cryptocurrency market, particularly when involving influential companies led by high-profile figures like Musk.

The disclosure of Tesla and SpaceX Bitcoin holdings marks a pivotal moment in the intersection of traditional corporate finance and the burgeoning world of cryptocurrency. It raises questions about the future role of digital assets in corporate investment strategies and the potential for other companies to follow in the footsteps of Musk’s ventures.

Corporate Bitcoin Disclosure Sparks Market Speculation

Arkham’s analysis also sheds light on Tesla’s Bitcoin purchase history. The company bought $1.5 billion worth of BTC in January 2021 and subsequently made two significant sales, amounting to $272 million and $936 million in the first and second quarters of 2021, respectively. Moreover, Tesla allowed purchases of its vehicles in Bitcoin between March 24 and May 12, 2021, as revealed through Arkham’s Tesla Intel Exchange Bounty.

With the crypto market known for its rapid fluctuations, the involvement of major corporations like Tesla and SpaceX could introduce a new level of stability or volatility, depending on their investment approaches and market reactions.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.