On-Chain Analysis Reveals Tesla Has 11,509 Bitcoins and Spacex Owns 8,285 BTC, Says Arkham
Crypto analytics firm Arkham claims to have identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. “The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the firm detailed, stating: “We are the first to publicly identify these holdings on chain.”
Bitcoin Holdings of Tesla and Spacex
Crypto analytics firm Arkham announced Thursday that it has identified the bitcoin holdings of Elon Musk’s companies, Tesla and Spacex. According to the firm’s analysis, Tesla owns 11,509 BTC and Spacex owns 8,285 BTC.
The on-chain fund flows we’ve identified match financial statements from Tesla and Spacex,” the company further explained, adding that Tesla purchased $1.5 billion of bitcoin in January 2021 and sold its BTC on two occasions.
The first BTC sale by Tesla occurred in Q1, 2021, when the company sold $272 million worth. The electric car company then sold another $936 million in Q2 2022. Additionally, Arkham stated that transactional data confirmed that Tesla accepted BTC for vehicle purchases between March 24 and May 12, 2021. Tesla’s bitcoin holdings can be seen here.
