MambaFx Trading

Blog Details

09 Mar 2024

Tesla and SpaceX Hold Over $1.3 Billion Worth of Bitcoins: Arkham

image

Arkham Intelligence has allegedly pinpointed the Bitcoin addresses belonging to Tesla and SpaceX, with holdings valued at over $1.3 billion.

According to Arkham’s announcement on social media, the crypto intelligence firm claimed to have identified Tesla and SpaceX’s Bitcoin addresses through a meticulous analysis. They suggested these addresses align with the companies’ previous financial statements.

“We believe Tesla currently holds 11.51K BTC ($780M) across 68 addresses, and SpaceX holds 8.29K BTC ($560M) across 28 addresses,” said Arkham.

The two spotlighted companies possess 19,794 BTC combined based on Arkham’s report. At the current trading price of $67,210, the total value of their holdings would exceed $1.33 billion.

“Tesla purchased $1.5B of BTC in Jan 2021, and sold BTC on 2 occasions: Sold $272M BTC in Q1 2021; Sold $936M BTC in Q2 2022,” the firm listed.

The announcement also disclosed that from March 24 to May 12, 2021, Tesla permitted the purchase of its vehicles using Bitcoin.

“Our Tesla Intel Exchange Bounty revealed a Tesla car purchase linked to this larger cluster of Tesla holdings,” said Arkham.

Elon Musk Criticizes OpenAI’s Strategy

Elon Musk has recently ignited discussions within the cryptocurrency community through his critique of ChatGPT’s creator OpenAI.

Musk, who played a crucial role in founding the AI research company, took to social media on March 6 with a series of memes aimed at the organization, rebranding it as “ClosedAI.”

The mockery came amid Musk’s legal battle against OpenAI CEO Sam Altman, accusing him of breaching the firm’s foundational agreements as an open-source and non-profit establishment.

The crypto community reacted with speculations about the broader implications of Musk’s actions.

Support for Musk’s critique has been particularly strong in the crypto community, especially in light of his efforts to incorporate Grok AI, a chatbot developed by Musk’s startup xAI, into the X platform.

David Gokhshtein, a notable crypto character, proposed that Musk consider taking over OpenAI, drawing an analogy to his acquisition of Twitter.

Latest Posts

We may use cookies or any other tracking technologies when you visit our website, including any other media form, mobile website, or mobile application related or connected to help customize the Site and improve your experience. learn more

Allow