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International Business Times
International Business Times
Business
Marvie Basilan

Tesla, SpaceX Wallets Collectively Hold Over $1.3Bn In Bitcoin: Arkham

Bitcoin SpaceX Tesla Inc. Arkham Elon Musk Arkham Intelligence EV CFTC
Elon Musk has said Bitcoin was one of three "meaningful" assets he had outside company stocks. (Credit: AFP)

Elon Musk's Tesla and SpaceX hold a collective $1.3 billion in Bitcoin (based on current prices), cryptocurrency intelligence firm Arkham Intelligence revealed Thursday, noting that it is the first time the tech giants' on-chain BTC holdings have been publicly identified.

According to Arkham, electric vehicle titan Tesla currently holds over 11,000 Bitcoin worth around $780 million across 68 addresses. Spacecraft and satellite company SpaceX, on the other hand, is believed to have over 8,000 Bitcoin worth around $560 million across 28 wallet addresses.

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