Arkham: Tesla and SpaceX, Owned by Musk, Hold Nearly 20,000 Bitcoins
The online analytics firm Arkham claims that it has identified a total of 19,794 bitcoins held by Tesla and SpaceX, with a value exceeding $1.3 billion. Among them, the 68 bitcoin holding addresses of Tesla collectively hold 11,509 bitcoins, worth $780 million, while SpaceX holds 8,285 bitcoins in 28 addresses, worth $560 million.
However, according to Tesla’s latest financial report for the fourth quarter of last year, after purchasing 48,000 bitcoins in 2021, Tesla sold 4,800 and 32,400 bitcoins in the first and second quarters of 2021, respectively. Since then, there have been no further changes, and Tesla’s bitcoin inventory still stands at 10,800, with a book value of $184 million. This differs from Arkham’s claim of 11,509 bitcoins by 709 bitcoins. However, it can be seen that the book value of Tesla’s bitcoins has increased significantly. Based on our previous calculation of its purchase cost of $31,250, the unrealized profit of its bitcoins has now reached $390 million.
As for SpaceX, as it is a privately-held company, it is not required to disclose its financial information, so we have no way to verify its bitcoin holdings.
Tesla had previously allowed customers to purchase Tesla vehicles with bitcoin in March 2021, but it quickly reversed this decision in May of the same year, causing bitcoin to temporarily drop by 15%. Musk stated at the time that bitcoin mining and transactions were rapidly increasing the use of fossil fuels, particularly coal, which had a significant impact on carbon emissions.
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