Arkham Intelligence's latest disclosure reveals Tesla and SpaceX's substantial Bitcoin holdings, valued at over $1.3 billion.
In this groundbreaking report, insights into Elon Musk's firms' investment strategies and transaction history since 2021 come to light.
Tesla's crypto journey began in 2021 with a $1.5 billion investment in Bitcoin, followed by strategic sales in 2022, and a recent acquisition of an additional 1,789 BTC in 2024. With holdings spanning 68 wallet addresses, Tesla emerges as a formidable player in the crypto market.
Meanwhile, SpaceX, delving into the crypto realm, boasts holdings of approximately $560 million across 28 wallet addresses, signaling growing interest and engagement.
Despite fluctuations and market dynamics, Tesla maintains resilience, securing its position as the third-largest publicly traded company holding crypto assets, trailing behind industry giants like MicroStrategy.
The report hints at a potential bullish trend as Tesla explores further engagement in Bitcoin projects, with recent acquisitions reflecting a deepening commitment to the crypto space.
For investors and enthusiasts alike, Arkham Intelligence offers a strategic tool for tracking and analyzing these identified wallets, providing valuable insights to inform cryptocurrency strategies in an ever-evolving market landscape.
Stay ahead of the curve with Arkham Intelligence, where groundbreaking revelations shape the future of cryptocurrency investment.
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