Breaking News: Elon Musk's Crypto Holdings Revealed!

In a significant revelation, Arkham Intelligence revealed Tesla's substantial crypto holdings, showing that Elon Musk's company holds 11,509 Bitcoins across 68 wallet addresses, valued at a staggering $780 million. Despite market fluctuations, Tesla maintains a resilient stance, securing 9,720 BTC for six consecutive quarters, demonstrating remarkable cryptographic resilience.

Flashback to 2021: Tesla made waves in the crypto world by investing $1.5 billion in Bitcoin and introducing BTC as a payment option. In 2022, the company had sold $936 million worth of BTC, ending up with $218 million, resulting in a net loss of $140 million. A rollercoaster ride indeed.

Fast forward to 2024: If Arkham Intel is true, Tesla has acquired an additional 1,789 BTC, increasing Elon's total Bitcoin supply to 19,794 BTC, valued at over $1.3 billion.

Ranked in the race for crypto stocks, Tesla now holds the bronze medal as the third-largest publicly traded company holding crypto assets, behind MicroStrategy and Marathon Digital Holdings. Elon Musk is the second largest individual BTC holder, sharing the podium with MicroStrategy CEO Michael Saylor.

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Disclaimer:

Cryptocurrencies are volatile; invest wisely. This post is for entertainment and informational purposes only.