Bitcoin's Record-Breaking Rally Boosts Wealth for Tesla and SpaceX

Tuesday, 12 March 2024, 18:30
Bitcoin hits new all-time highs, leading to substantial profits for Elon Musk's companies. An analytics firm discovers substantial Bitcoin holdings by Tesla and SpaceX through their crypto wallets. Tesla owns around 11,500 BTC spread over 68 wallets, while SpaceX holds about 8,300 tokens across 28 wallets. This significant surge showcases the growing influence of cryptocurrency investments in the corporate sector.
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Bitcoin's Record-Breaking Rally Boosts Wealth for Tesla and SpaceX

Elon Musk's Companies' Bitcoin Holdings Unveiled

The crypto wallets of Elon Musk's companies have been located, according to blockchain analytics company Arkham Intelligence. Arkham cross-referenced financial reports with on-chain activity to locate the massive wallets.

Tesla and SpaceX's Impressive Stash

Tesla Inc. and SpaceX have a combined total of around 19,800 Bitcoins, according to Arkham. The stash is divided across many wallets: Tesla holds around 11,500 BTC across 68 addresses, while SpaceX holds around 8,300 tokens across 28 wallets.

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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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