Elon Musk’s Tesla and SpaceX Bitcoin Holdings Worth $1.3B, Over Half a Million in Profits
According to on-chain intelligence platform Arkham, blockchain investigators claim to have uncovered the Bitcoin wallets of Elon Musk's companies, Tesla and SpaceX, revealing a combined holding exceeding $1 billion. According to their analysis, Tesla holds over $771 million worth of Bitcoin across its wallets, while SpaceX wallets contain approximately $555 million in BTC.
The report further delves into the companies' Bitcoin transaction history since early 2021. Notably, during the crypto crash of May 2022, both Tesla and SpaceX sold off a significant portion of their Bitcoin holdings as prices plummeted. While these sales resulted in a net loss for SpaceX, Tesla managed to break even.
