Tesla and SpaceX Bitcoin Wallets Identified: Elon Musk's Firms Hold $1.3 Billion...
source link: https://decrypt.co/220597/tesla-spacex-bitcoin-wallets-elon-musk-firms-1-3-billion
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Tesla and SpaceX Bitcoin Wallets Identified: Elon Musk's Firms Hold $1.3 Billion in BTC
Tesla and SpaceX Bitcoin Wallets Identified: Elon Musk's Firms Hold $1.3 Billion in BTC
Coin Prices
Bitcoin
$69,337.00
2.33%Ethereum
$3,953.14
1.84%BNB
$489.02
4.12%Solana
$148.90
0.02%Lido Staked Ether
$3,946.65
1.76%XRP
$0.623578
-1.68%USDC
$1.003
0.21%Cardano
$0.727367
-3.25%Dogecoin
$0.169851
8.39%Shiba Inu
$0.00003544
12.67%Avalanche
$42.85
-2.36%Polkadot
$10.58
1.33%TRON
$0.137195
-0.12%Chainlink
$19.84
-1.41%Uniswap
$14.68
-0.99%Wrapped Bitcoin
$69,152.00
1.68%Polygon
$1.13
-3.26%Toncoin
$2.80
1.56%Bitcoin Cash
$437.65
1.18%Internet Computer
$14.65
-1.31%Litecoin
$87.69
-1.11%Filecoin
$11.62
14.35%NEAR Protocol
$5.56
-0.23%Ethereum Classic
$38.36
1.41%LEO Token
$5.86
6.55%Cosmos Hub
$13.34
-3.41%Aptos
$13.13
-1.46%Immutable
$3.33
0.84%Bittensor
$715.90
-4.04%Optimism
$4.50
-3.39%Hedera
$0.129184
-4.90%Cronos
$0.162862
3.09%Stacks
$2.84
-2.68%Stellar
$0.141375
-0.62%Render
$10.58
2.46%Pepe
$0.00000901
31.93%Injective
$41.60
-3.97%OKB
$58.72
1.33%Kaspa
$0.151873
-7.15%VeChain
$0.04722504
-1.90%Mantle
$1.054
6.73%First Digital USD
$1.01
0.40%The Graph
$0.341238
-3.47%Arbitrum
$2.17
1.10%Lido DAO
$3.42
-0.92%Theta Network
$2.98
2.07%Fetch.ai
$2.83
7.36%Arweave
$44.20
18.92%Celestia
$16.26
-1.42%Monero
$149.04
2.99%Rocket Pool ETH
$4,333.08
1.32%Sei
$0.90395
7.99%Fantom
$0.821975
-2.60%FLOKI
$0.00023092
71.71%dogwifhat
$2.28
26.96%THORChain
$7.39
13.51%Bonk
$0.00003346
21.12%Bitcoin SV
$111.17
3.38%Algorand
$0.267982
-3.32%Mantle Staked Ether
$4,068.25
2.33%Beam
$0.03942352
-2.90%Flow
$1.33
-1.00%Aave
$132.02
2.15%Maker
$2,060.63
-1.77%Sui
$1.53
0.27%Quant
$124.44
-3.76%dYdX
$4.20
0.42%MultiversX
$66.97
0.30%BitTorrent
$0.00000176
2.69%Starknet
$2.28
-4.51%ORDI
$77.66
0.07%SingularityNET
$1.23
2.69%Ribbon Finance
$1.67
16.99%The Sandbox
$0.677824
-3.42%GALA
$0.0431936
-1.68%Axie Infinity
$10.69
-1.05%KuCoin
$15.03
7.79%Flare
$0.04118927
-0.19%Synthetix Network
$4.30
-4.61%Mina Protocol
$1.31
-0.44%SATS (Ordinals)
$0.00000065
3.78%EOS
$1.20
-2.20%Chiliz
$0.152293
-0.22%Akash Network
$5.92
-0.72%ApeCoin
$2.19
-1.71%Tokenize Xchange
$16.72
3.24%eCash
$0.00006638
5.51%Tezos
$1.44
-1.85%TrueUSD
$1.009
0.72%Helium
$8.88
0.09%Decentraland
$0.684279
-2.15%dYdX
$4.21
0.58%Axelar
$2.13
-4.39%Conflux
$0.326921
-4.21%Bitget Token
$0.888944
-5.40%WhiteBIT Coin
$8.57
0.82%NEO
$17.32
-0.55%Frax Ether
$3,940.92
1.95%Oasis Network
$0.17031
-0.05%Terra Luna Classic
$0.00019646
3.71%CorgiAI
$0.0035086
1.10%Worldcoin
$7.54
5.55%Kava
$1.027
3.85%WEMIX
$2.98
6.73%WOO
$0.594642
-3.23%Gnosis
$421.32
7.99%IOTA
$0.335618
-3.05%JasmyCoin
$0.02156252
-1.86%Osmosis
$1.65
-5.34%Pyth Network
$0.693943
3.60%Klaytn
$0.291129
-2.09%Ronin
$3.45
10.73%Bitcoin Gold
$58.24
12.72%Jupiter
$0.735045
-5.21%Blur
$0.681277
1.92%Marinade staked SOL
$174.74
0.01%Cheelee
$17.25
-0.69%Swell Ethereum
$4,137.04
3.82%Dymension
$6.40
-6.84%Nervos Network
$0.02129568
5.56%Manta Network
$3.50
-1.65%Curve DAO
$0.7652
-2.89%PancakeSwap
$3.60
0.12%Ondo
$0.59955
1.62%Astar
$0.153139
-2.14%Ethena USDe
$0.9959
-0.44%Staked Frax Ether
$4,251.04
1.87%NEXO
$1.46
2.77%Enjin Coin
$0.568312
-4.07%Terra
$1.15
0.66%Coinbase Wrapped Staked ETH
$4,183.51
2.00%Ethereum Name Service
$25.04
-0.29%Illuvium
$119.90
0.71%USDD
$1.002
0.02%Ocean Protocol
$1.18
-1.93%Livepeer
$22.67
48.47%Holo
$0.00401272
1.03%Gate
$5.33
2.62%1inch
$0.609423
-4.15%Rocket Pool
$34.23
-1.97%SuperVerse
$1.51
-1.41%Lido Staked SOL
$173.03
-0.64%Golem
$0.653429
5.01%Frax Share
$8.46
6.41%Frax
$0.993001
-0.42%APENFT
$0.00000064
-0.28%Trust Wallet
$1.49
2.26%XDC Network
$0.0447455
-2.41%Celo
$1.16
-4.16%Zilliqa
$0.03437584
-2.60%Core
$0.700831
0.62%Nosana
$7.22
-6.20%Theta Fuel
$0.09272
1.96%IoTeX
$0.062371
-1.65%Compound
$86.00
-3.41%DeXe
$10.30
19.46%OriginTrail
$1.44
1.24%Echelon Prime
$16.39
5.72%Arkham
$2.83
1.52%Casper Network
$0.04851258
1.34%AltLayer
$0.520967
-4.46%Kujira
$4.66
11.47%AIOZ Network
$0.521788
22.69%ZetaChain
$2.33
0.17%Siacoin
$0.00957604
1.57%Qtum
$5.15
2.42%GMX
$56.95
0.29%Fasttoken
$1.74
0.23%Tether Gold
$2,176.01
1.03%cETH
$79.26
1.64%GMT
$0.30176
-4.92%Chia
$51.84
-7.12%Metis
$97.86
-2.02%SKALE
$0.100331
-3.39%cWBTC
$1,388.93
1.78%Zcash
$34.28
0.44%Basic Attention
$0.336472
-4.30%Ankr Network
$0.04992231
-1.17%Stader ETHx
$4,008.35
2.94%Aleph Zero
$1.60
-3.08%0x Protocol
$0.560578
9.02%aelf
$0.674186
0.73%Kusama
$52.59
-3.59%NEM
$0.052292
-4.01%Gas
$7.11
-1.27%Dash
$39.48
-0.06%Mask Network
$4.78
-3.55%Pixels
$0.593683
-2.74%Kadena
$1.67
-3.67%Loopring
$0.352944
-3.48%Memecoin
$0.04564012
13.73%EthereumPoW
$4.00
0.42%Hytopia
$0.084789
3.35%Decred
$26.25
3.74%Radix
$0.04009935
-0.17%Harmony
$0.03382887
-4.01%Rollbit Coin
$0.14503
3.51%Moonbeam
$0.488321
-4.82%Convex Finance
$4.99
-4.24%Neutron
$1.47
-3.73%PAX Gold
$2,152.80
0.66%Baby Doge Coin
$0.00
25.84%Aragon
$10.02
1.86%PAAL AI
$0.611089
-5.54%Decentralized Social
$37.58
-2.26%MAGA
$8.36
21.52%API3
$3.69
0.61%Stride
$4.26
-1.68%OKT Chain
$21.40
-0.72%Biconomy
$0.536955
-5.66%Xai
$1.37
-4.09%Ravencoin
$0.0278027
-1.93%Sushi
$1.96
0.26%Coq Inu
$0.00000544
29.21%SafePal
$0.803732
-0.14%Raydium
$1.44
-7.29%Mog Coin
$0.00000095
-6.62%Galxe
$3.53
-1.34%JUST
$0.04161033
-2.87%Portal
$2.20
-1.15%Myro
$0.3676
25.46%L7DEX
$7.79
-5.68%Audius
$0.302827
-2.92%Flux
$1.046
3.08%GuildFi
$0.625447
12.86%Band Protocol
$2.54
-1.30%Centrifuge
$0.728369
-1.48%Nexus Mutual
$80.26
2.43%COTI
$0.22483
7.37%Wen
$0.00034017
8.87%0x0.ai: AI Smart Contract
$0.380049
-4.15%yearn.finance
$10,093.96
-1.48%SPACE ID
$0.774475
6.47%Magic
$1.28
-1.47%Waves
$3.33
-2.37%Threshold Network
$0.03445329
-0.74%UMA
$4.21
1.57%Jito
$2.80
-6.89%Balancer
$5.84
-0.72%TerraClassicUSD
$0.03582948
-0.34%Ontology
$0.356257
-3.67%VeThor
$0.00434546
-3.24%ICON
$0.323618
-1.79%Helium Mobile
$0.00375319
-3.80%BENQI Liquid Staked AVAX
$48.59
-2.44%Lisk
$2.14
-0.75%Pendle
$3.12
-3.73%MX
$3.05
2.78%Tesla and SpaceX Bitcoin Wallets Identified: Elon Musk's Firms Hold $1.3 Billion in BTC
The two Elon Musk-owned companies together hold about $1.3 billion worth of Bitcoin, according to an Arkham Intelligence report.
On-chain sleuths say they have discovered wallets containing the Bitcoin holdings of Elon Musk-owned firms Tesla and SpaceX, which collectively hold well over a billion dollars worth of the world’s top cryptocurrency.
In a report published Thursday, Arkham Intelligence outlined its discovery of over $771 million worth of BTC held in wallets belonging to Tesla. Wallets linked to SpaceX, meanwhile, contained some $555 million in BTC.
Arkham’s analysis also gives a detailed history of the companies’ Bitcoin transaction history stretching back to early 2021.
During the onset of the last crypto winter in May 2022, for example, as the price of cryptocurrencies including Bitcoin began to fall precipitously, both Tesla and SpaceX sold off hundreds of millions of dollars worth of BTC. Those sales incurred a net loss for SpaceX; Tesla broke more or less even.
BREAKING: TESLA & SPACEX ARE NOW ON ARKHAM
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
— Arkham (@ArkhamIntel) March 7, 2024
SpaceX’s Bitcoin position did not return to the black until this November, around when the coin began its ongoing bull run. Since November, BTC’s price has almost doubled, from around $35,000 to $67,820 at writing.
SpaceX now stands at a $132 million BTC profit, according to Arkham. Tesla is $455 million in the black.
While it had previously been known that both Musk-owned companies owned sizable Bitcoin positions, the extent of those holdings—assuming the accuracy of Arkham’s findings—had been underestimated.
OpenAI Pushes Back on Elon Musk Lawsuit, Releasing Internal Emails
OpenAI released a series of emails from Tesla CEO Elon Musk in response to Musk's lawsuit that accuses the ChatGPT creator of straying from its open-source, humanity-focused mission, suggesting that the tech tycoon was also motivated by money. Musk sued OpenAI in the Superior Court of California in San Francisco on Thursday, claiming a breach of contractual agreements surrounding OpenAI's founding. In his lawsuit, Musk accuses OpenAI of breaking their agreement by exclusively licensing GPT-4 to...
In January, for instance, analysts at Bitcoin Treasuries concluded that Tesla held around 9,720 BTC. Arkham’s analysts found that figure to instead be 11,509 BTC. While Musk has stated previously that SpaceX owned some Bitcoin, the size of the spacecraft manufacturer’s BTC investment was unknown.
The billionaire has a long and bumpy track record of attempting to integrate cryptocurrencies like Bitcoin into the functioning of his companies. In March 2021, Tesla began accepting Bitcoin as a method of payment for new car purchases. The program was permanently discontinued less than two months later, with Musk citing concerns related to the environmental impact of Bitcoin mining.
Edited by Andrew Hayward
Stay on top of crypto news, get daily updates in your inbox.
Your EmailRecommended News
Coinbase Gets 'Neutral' Rating From Goldman Sachs as Its US Dominance Swells
Wall Street titan Goldman Sachs has upgraded its rating on publicly traded crypto exchange Coinbase from "Sell" to "Neutral," simultaneously setting a new price target of $282 for the cryptocurrency exchange's stock. The upgrade, announced on Thursday, underscores a marked change in Goldman Sachs' outlook on Coinbase, prompted by the recent bullish momentum in the cryptocurrency market. Earlier today blockchain analysis firm Kaiko noted that Coinbase, which has often accounted for less than half...
Stacy ElliottMar 8, 2024Mar 8, 2024
Chloë Grace Moretz to Star As 'Razzlekhan' in $4 Billion Bitfinex Bitcoin Heist Film
Chloë Grace Moretz will star as Heather 'Razzlekhan' Morgan alongside Lewis Pullman and Ariana DeBose, in an upcoming film based on Morgan's role in the $4 billion Bitfinex heist. "Dutch & Razzlekhan" will be helmed by "Tetris" director Jon S. Baird, with a script by Logan Miller and Noah Miller, according to Hollywood trade publication Deadline. CAA Media Finance will arrange financing and distribution for the feature. Pullman will play Ilya "Dutch" Lichtenstein in the film, while DeBose's role...
Stephen GravesMar 8, 2024Mar 8, 2024
'Imagine the Smell': Binance Perfume Stunt Mocked, Denounced as Sexist
A female-targeted ad campaign centered around International Women’s Day backfired on Binance Wednesday, with many in the crypto community mocking the stunt, and others lampooning it as clumsy and even sexist. The campaign, teased yesterday and launched this morning, centers on a perfume created by the crypto exchange’s marketing team dubbed “CRYPTO,” or “Eau de Binance.” The scent was created as a means to bring more women into the historically male-dominated realm of digital assets, according t...
Sander LutzMar 6, 2024Mar 6, 2024
Recommend
-
11
Bitcoin, Ether Addresses Holding Atleast 0.1 Coins Hit All-Time High of Over 3 Million Wallets, Latest Report Shows June 15...
-
10
FinCEN Proposes KYC For Private Wallets – Bitcoin Magazine BTC/USD...
-
7
4 reasons why the top 15 richest Bitcoin wallets still matter in 2021 – Hodlalert4 reasons why the top 15 richest Bitcoin wallets still matter in 2021...
-
6
Biden Freezes FinCen Rule on Bitcoin Wallets – TrustnodesBiden Freezes FinCen Rule on Bitcoin Wallets – TrustnodesThe new Biden administration has frozen all proposed regulations that have not yet gone into effect. A Regulatory Free...
-
6
What’s up with the Apple App Store’s privacy changes? ...
-
8
As Bitcoin price staggers, ‘whale’ wallets may be becoming an endangered species – HodlalertAs Bitcoin price staggers, ‘whale’ wallets may be becoming an endangered species...
-
3
Kleiman v Wright Day 11 recap: Did Ira Kleiman delete Dave Kleiman’s Bitcoin wallets? Business 9 hours ago Day 11 of the
-
5
Dogecoin investor sues Elon Musk, Tesla and SpaceX for $258 billionLucas MatneyFri, June 17, 2022, 6:58 AM·1 min read
-
4
Elon Musk, Tesla, and SpaceX face $258 billion lawsuit for allegedly running a Dogecoin pyramid scheme Musk and his companies are accused of racketeering By
-
6
Tesla board member says Elon Musk has chosen potential Twitter CEO AKIKO FUJITA: Well, Elon Musk suggesting
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK