Has Elon Musk bought more BTC this year?
According to on-chain data from Arkham Intelligence, Tesla's BTC balance has increased from 9,700 BTC to 11,500 BTC since October 2023, equivalent to purchasing an additional 1,786 BTC.
The total value of Tesla's Bitcoin holdings is currently $758.81 million. Previously in 2021, the Crypto community must still remember that every time Tesla announced the purchase of BTC, the price of BTC skyrocketed by 10-15% in just 1-3 days afterward.
Tesla's BTC balance fluctuation history:
- February 8, 2021: 43,200 BTC ~ 1.5 billion USD (buy 43,200 BTC)
- March 31, 2021: 38,880 BTC ~ 1.35 billion USD (4,320 BTC sold)
- June 30, 2022: 9,720 BTC ~ 337.5 million USD (29,160 BTC sold)
- March 2024: 11,500 BTC ~ 758.81 million USD (buy 1,786 BTC)
Note:
On-chain data cannot 100% verify who is buying or selling BTC. Tesla has not officially confirmed additional BTC purchases.
🎯 Conclusion:
Although there has been no official confirmation from Tesla, on-chain data suggests that Tesla has likely purchased more BTC. Buying more BTC could be a sign that Elon Musk and Tesla still believe in Bitcoin's potential in the long term.
