Investors are curious about the BTC and altcoin portfolios of giant corporate companies that affect the Bitcoin price with their Bitcoin purchases and sales or moves.
At this point, cryptocurrency analysis company Arkham said in its post that it detected the Bitcoin wallets of Tesla and Spacex, giant companies owned by Elon Musk.
According to Arkham's data, Tesla currently has 11.51 thousand BTC worth $780 million in 68 addresses, while SpaceX has 8.29 thousand BTC worth $560 million in 28 addresses.
“Breaking News: Tesla & Spacex Now in Arkham!
Arkham identified Tesla and SpaceX's BTC holdings. We are the first to publicly identify these assets on-chain.
We believe Tesla currently has 11.51k BTC ($780 million) across 68 addresses and SpaceX has 8.29k BTC ($560 million) across 28 addresses.
The on-chain fund flows we identified are consistent and match the financial statements of Tesla and SpaceX.
Tesla bought $1.5 billion worth of BTC in January 2021 and sold BTC 2 times:
$272 million worth of BTC was sold in the first quarter of 2021. $936 million worth of BTC was sold in the 2nd quarter of 2022.
Tesla allowed the purchase of Tesla with Bitcoin between March 24 and May 12, 2021.”
*This is not investment advice.