According to Arkham Intelligence, Tesla holds 11.51 thousand BTC valued at $780 million, distributed across 68 addresses, while SpaceX holds 8.29 thousand BTC, worth a total of $560 million, across 28 wallets. Tesla entered the cryptocurrency market in January 2021 with a $1.5 billion BTC purchase, followed by sales in the first quarter of 2021 and the second quarter of 2022. It briefly allowed Bitcoin transactions for vehicle purchases in 2021, but he later reversed this policy. Although Tesla has not acknowledged changes to its Bitcoin holdings, its most recent financial report did not mention the cryptocurrency. SpaceX has altered its Bitcoin investments between 2021 and 2022, according to the WSJ, although little is known about its holdings due to its status as a private entity.
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