Hackers on the chain claim to have found wallets containing Bitcoin holdings from Elon Musk-owned companies Tesla and SpaceX.
In a report published Thursday, Arkham Intelligence revealed that more than $771 million worth of BTC was found in the wallet. Tesla. Wallets connected to SpaceXMeanwhile, it holds about $555 million in BTC.
Arkham's analysis provides a detailed history of the companies' Bitcoin trading history up to the beginning of 2021.
At the start of the last crypto winter in May 2022, for example, when the price of cryptocurrencies, including Bitcoin, began to fall sharply, both Tesla and SpaceX sold hundreds of millions of dollars worth of BTC. Those sales resulted in a net loss for SpaceX; Tesla broke even more or less.
The SpaceX Bitcoin space coin didn't return to the black until this November, when the coin started going live. Bull run. The price of BTC has more than doubled since November, from $35,000 to $67,820 by writing.
SpaceX is now at a profit of 132 million BTC, according to Arcam. Tesla is $455 million in the black.
While both Mask-owned companies were previously known to hold large bitcoin holdings, the size of those holdings – the validity of Arkham's findings – has been questioned.
For example, analysts in Bitcoin Treasuries in January He came to the conclusion Tesla held it at around 9,720 BTC. Arkham analysts found this figure to be 11,509 BTC. While Musk He said earlier As SpaceX holds some Bitcoin, the amount of the spacecraft manufacturer's BTC investment was unknown.
The billionaire has a long and difficult history of trying to integrate cryptocurrencies like bitcoin into his companies' operations. Tesla launched in March 2021 Accepting Bitcoin As a method of payment for the purchase of a new car. It was the program. It is permanently interrupted In less than two months, Musk cited concerns related to the environmental impact of Bitcoin mining.
Edited by Andrew Hayward.
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