In a recent update on X (formerly Twitter), Arkham revealed that Tesla holds 11,510 BTC, valued at $780 million, spread across 68 addresses. Furthermore, SpaceX has 8,290 BTC, worth $560 million, distributed across 28 addresses.

Arkham emphasized that the on-chain fund movements are consistent with the financial disclosures of both companies. It highlighted Tesla's initial purchase of $1.5 billion worth of BTC in January 2021, as well as two instances of BTC sales: $272 million in the first quarter of 2021 and $936 million in the second quarter of 2022.

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