According to reports, Arkham Intelligence has identified the Bitcoin addresses of SpaceX and Tesla, which together hold more than $1.3 billion.
Arkham’s social media announcement stated that the crypto intelligence company had conducted a thorough analysis and was able to identify the Bitcoin addresses of SpaceX and Tesla. According to their suggestion, these addresses match the prior financial statements of the companies.
BREAKING: TESLA & SPACEX ARE NOW ON ARKHAM
— Arkham (@ArkhamIntel) March 7, 2024
Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on chain.
We believe Tesla currently holds 11.51K BTC ($780M) across 68 addresses, and SpaceX holds 8.29K BTC ($560M)… pic.twitter.com/vwoEJ0h0dS
Tesla and SpaceX’s Bitcoin Holdings
“The on-chain fund flows we’ve identified match financial statements from Tesla and SpaceX,” stated Arkham.
“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.
Additionally, the announcement revealed that Tesla allowed Bitcoin to be used to purchase its vehicles between March 24 and May 12, 2021.
According to Arkham, “a Tesla automobile purchase connected to this broader cluster of Tesla holdings was disclosed by our Tesla Intel Exchange Bounty.”
Elon Musk Criticizes OpenAI’s Strategy
EWhich particular example of a shortlink do you have? Elon Musk’s criticism of ChatGPT’s developer, OpenAI, has recently sparked debates within the cryptocurrency community.
Musk, who was instrumental in the establishment of the AI research firm, rebranded the company as “ClosedAI” on social media on March 6 with a series of memes directed at it.
The jeering occurred during Musk’s legal battle with OpenAI CEO Sam Altman, in which Musk accused Altman of violating the company’s founding agreements to operate as a non-profit and open source organization.
In response, the cryptocurrency community conjectured about the wider ramifications of Musk’s conduct.
The crypto community has been especially supportive of Musk’s criticism, especially given his attempts to integrate Grok AI—a chatbot created by Musk’s own startup, xAI—into the X platform.
Notable cryptocurrency figure David Gokhshtein suggested that Musk should think about acquiring OpenAI, citing his acquisition of Twitter as an example.