Did Elon Musk Buy More Bitcoins? Here’s What Data Reveals
Tesla’s Bitcoin wallet shows an increase from 9,720 BTC as reported in its last earnings report, to 11,509 BTC.
Reports from Arkham Intelligence suggest that Tesla Incorporation has acquired 1,000 Bitcoins since their last acquisition of BTC in 2021. However, Musk and Tesla have yet to comment on these speculations, as per Arkham Intelligence’s report.
Previously, Tesla surged its Bitcoin holdings in January 2021 with a purchase of $1.5 billion. Tesla reportedly held 9,720 BTC in 2023.
Tesla’s previous sale of BTC coincided with Bitcoin’s market movements.
Looking into the current situation, the crypto community is curious about Musk’s renewed interest in Bitcoin. Additionally, Elon Musk’s involvement in cryptocurrency extends to SpaceX, holding Bitcoin on its balance sheet.
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