Arkham Intelligence, a prominent blockchain analytics platform, has announced the successful identification of Bitcoin addresses linked to Tesla and SpaceX, revealing a combined holding of 19,794 Bitcoins valued at over $1.3 billion. In a groundbreaking revelation, Arkham claims that Tesla’s Bitcoin assets are dispersed across 68 addresses, accumulating 11,509 BTC with a current market value of approximately $770.7 million. Simultaneously, SpaceX is believed to possess 8,285 BTC distributed among 28 addresses, equating to a total worth of $554.9 million. This discovery marks a significant milestone for Arkham, positioning them as the first to publicly unveil the on-chain Bitcoin holdings of these high-profile companies.
Moreover, Arkham Intelligence asserts that the identified on-chain fund flows align seamlessly with the financial disclosures made by Tesla and SpaceX. Notably, Tesla’s Bitcoin transactions are meticulously outlined, including their monumental $1.5 billion BTC purchase in January 2021 and subsequent sales of $272 million in Q1 2021, followed by a substantial $936 million BTC sale in Q2 2022. Arkham’s findings not only shed light on the cryptocurrency portfolios of Tesla and SpaceX but also provide a comprehensive narrative that corroborates with the companies’ official financial statements.
This groundbreaking revelation from Arkham Intelligence offers valuable insights into the cryptocurrency strategies of major corporations, underlining the transparency and traceability inherent in blockchain technology. The convergence of on-chain analysis with financial disclosures showcases the potential of blockchain analytics in deciphering the intricate movements of digital assets within the corporate landscape. As companies increasingly integrate cryptocurrencies into their financial portfolios, the role of platforms like Arkham Intelligence becomes pivotal in ensuring transparency and accountability in this evolving domain.
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