In an intriguing revelation by blockchain analytics platform Arkham Intelligence, the Bitcoin addresses purportedly belonging to Elon Musk’s enterprises, Tesla and SpaceX, have been uncovered, showcasing a substantial holding of approximately 19,794 BTC, valued over $1.3 billion at current market rates.
Arkham announced its discovery on X, stating, “We are the first to publicly identify these holdings on chain.” According to Arkham, Tesla’s portfolio consists of 11,509 BTC distributed across 68 addresses, with an estimated worth of $770.7 million. SpaceX’s stake comprises 8,285 BTC held in 28 addresses, valued at approximately $554.9 million.
The findings align with the financial disclosures of both companies. Tesla’s Bitcoin journey includes a $1.5 billion purchase in January 2021, with subsequent sales in Q1 2021 ($272M in BTC) and Q2 2022 ($936M in BTC). Additionally, Tesla experimented with accepting Bitcoin as payment for vehicle purchases between March and May 2021.
Elon Musk, during a talk in 2021, disclosed SpaceX’s Bitcoin ownership, though specifics regarding the amount remained undisclosed given the company’s private status. This acknowledgment came alongside Musk’s announcement of Tesla’s substantial Bitcoin acquisition to its balance sheet.
Last year’s report from the Wall Street Journal highlighted a $373 million write-down of SpaceX’s Bitcoin holdings, indicating the volatile journey of the cryptocurrency within Musk’s enterprises.
As the crypto community awaits responses from Tesla and SpaceX regarding Arkham’s claims, this development underscores the growing intersection of mainstream corporate finance and the digital asset ecosystem.
