The entire Bitcoin assets that Elon Musk's Tesla and SpaceX enterprises now own, as well as the amount of profit that they have made up to this point, have been disclosed in a new report.

Bitcoin holdings for Tesla and SpaceX have been revealed.

Arkham Intelligence, a blockchain analytics platform that is inspired by artificial intelligence, disclosed the Bitcoin holdings of SpaceX and Tesla on Thursday, March 7. SpaceX and Tesla are two firms that were co-founded by Elon Musk, the owner of X (previously Twitter). Additionally, the complete analysis detailed Tesla's Bitcoin transactions that took place between the years 2021 and 2024.

It was reported by Arkham that Tesla had acquired Bitcoin in the amount of around $1.5 billion in January of 2021. Following that, the automobile manufacturer carried out a number of transactions, ultimately deciding to liquidate its Bitcoin holdings, which were estimated to be worth around $272 million in the first quarter of 2021 and approximately $936 million in the second quarter of 2022.

A whopping 11,510 Bitcoins, which are presently worth at $780 million, are reportedly in the possession of the automobile manufacturer, according to Arkham. Additionally, it has been alleged that Tesla's considerable Bitcoin holdings are evenly distributed among 68 different wallet addresses.

Alternatively, SpaceX, a private firm that specializes in space exploration and technology, is now in possession of around $8,290 BTC, which is equivalent to approximately $560 million. The distribution of these assets is said to be spread out among a total of 28 different wallet addresses.

The total amount of Bitcoin that these two firms own puts them in a league that is equivalent to the amount of Bitcoin that large financial institutions hold altogether. Tesla has gained the third place among the biggest Bitcoin holders, with MicroStrategy ranking first on the list with over 190,000 BTC worth more than $8 billion. Tesla has won the third position.

Despite the fact that Musk's firms own a significant quantity of Bitcoin, the CEO seems to have a love-hate connection with the cryptocurrency. As a result of Musk's SpaceX selling all of its Bitcoin holdings, the price of Bitcoin dropped below $25,000 earlier in the year 2023. On the other hand, it seems that the space corporation is exhibiting a greater interest in Bitcoin, as seen by the enormous Bitcoin portfolio it has.

It's Possible That Tesla Will Purchase More Bitcoin
Some insights have been revealed by a member of the cryptocurrency community who goes by the name "Definalist" on X. These observations hint that Tesla may be growing its engagement in Bitcoin projects. The purchase of an additional 1,790 Bitcoins by Tesla was announced by Definalist, who made reference to the information that Arkham Intelligence had obtained about Tesla's Bitcoin holdings.

According to the information provided by Definalist, Tesla's Bitcoin balance sheet in 2023 included around 9,720 Bitcoin. Moving ahead in time to the year 2024, the portfolio of the automobile firm has grown to 11,510 BTC, showing an undocumented purchase of an additional 1,790 BTC.

This substantial purchase of Bitcoin might be linked to the rising excitement for the cryptocurrency, which has been spurred by the cryptocurrency's recent positive momentum and enormous price hikes. Bitcoin is now trading at a price of $67,279, as reported by CoinMarketCap at the time of this writing. The price of the cryptocurrency had previously reached an all-time high of $69,200 on March 5; however, it has since returned to its present level after seeing a price decline.

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