A new report has revealed the total Bitcoin assets held by Elon Musk. tesla and SpaceX How much profit are you seeing from the company so far?
Tesla and SpaceX Bitcoin Holdings Revealed
On Thursday, March 7, Arkham Intelligence, an AI-powered blockchain analytics platform, revealed the Bitcoin holdings of SpaceX and Tesla, two companies co-founded by the owner of X (formerly Twitter). Elon Musk. The comprehensive report also summarizes Tesla’s BTC transactions from 2021 to 2024.
According to Arkham, Tesla purchased In January 2021, there was approximately $1.5 billion worth of BTC. The automaker has since made several moves, deciding to sell off its Bitcoin holdings worth $272 million in the first quarter of 2021 and about $936 million in the second quarter of 2022.
Arkham is assert The car company currently holds a whopping 11,510 BTC worth $780 million. As well as, Tesla’s Significant Bitcoin Holdings It is known to be distributed across 68 wallet addresses.
On the other hand, SpaceX, a private space exploration and technology company, currently holds $8,290 in BTC, worth about $560 million. These assets are reportedly distributed across a total of 28 wallet addresses.
combined BTC holdings Of these two companies, this puts them in a similar league to the BTC holdings of major financial institutions. Tesla is secured the third position It is one of the largest Bitcoin holders, holding approximately 190,000 BTC, which MicroStrategy values at over $8 billion.
Despite the considerable amount BTC The CEO, whose company Musk owns, appears to have a love-hate relationship with Bitcoin. Bitcoin in early 2023 Falling below $25,000 After Musk’s SpaceX sold all of its Bitcoin holdings. However, space companies appear to be showing more interest in BTC, as can be seen from their large Bitcoin portfolios.
Tesla can buy more BTC
Cryptocurrency community members identified as “finalists” in Shared InsightsI suggest the following: Tesla Could Increase Its Participation in Bitcoin. Referring to Arkham Intelligence’s report on Tesla’s BTC holdings, Definalist revealed that Tesla had acquired an additional 1,790 BTC.
Definalist revealed that Tesla’s BTC balance sheet in 2023 held approximately 9,720 BTC. Fast forward to 2024, and the automaker’s portfolio has expanded to 11,510 BTC, with an additional unreported acquisition of 1,790 BTC revealed.
These significant Bitcoin purchases can be attributed to rising enthusiasm for the cryptocurrency. Recent bullish momentum And huge price increases. As of this writing, Bitcoin is trading at $67,279, according to CoinMarketCap. Cryptocurrency in the past Reached all-time high of $69,200 Since March 5, it has reverted to its current price level.
BTC price recovers above $67,000 | Source: BTCUSD on Tradingview.com
Featured image from MEXC blog, chart from Tradingview.com
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