>> (p.1)
    Author Topic: Elon Musk's Tesla and SpaceX Currently HODLs $1.30B in Bitcoin.  (Read 354 times)

    • Ricardo11 (OP)
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    September 29, 2024, 06:04:56 AM
    Merited by Shishir99 (2), Olatundespo (2), mindrust (1), Lidger (1)
     #1
    On-chain data analytics platform Arkham Intelligence recently revealed the combined bitcoin holdings owned by Elon Musk's company, Tesla and SpaceX. According to Arkham, Elon Musk currently has $1.30 billion worth of bitcoins between his Tesla and SpaceX reserves, which equates to about 19822.27 BTC coins at current market value. This large Bitcoin stash indicates Elon Musk's bullish position on Bitcoin.

    Arkham reported that Tesla held $780 million worth of BTC in March, and SpaceX has a bitcoin treasure chest worth about $560 million.



    image source

    Elon Musk also revealed SpaceX's Bitcoin holdings in 2021 at "The B Word" online conference. ""I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin,"" Musk said.

    News link: https://u.today/heres-how-much-bitcoin-btc-elon-musks-tesla-and-spacex-currently-hodls
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  • PX-Z
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    September 29, 2024, 06:50:30 AM
    Merited by Charles-Tim (1)
     #2
    I search google on this one, but i only see the latest topic/article from Utoday mentioned by OP, nothing from other sources, and looks like this is old news. So i think the article is only to hype the price, unless there is a recent announcement/post (on X) of Elon regarding his own and his companies' bitcoin holdings, i can say nothing's new. Most people here know he sold most of Tesla's btc's holdings wayback 2022.
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  • dificanovi
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    September 29, 2024, 07:54:56 AM
     #3
    Quote from: PX-Z on September 29, 2024, 06:50:30 AM
    I search google on this one, but i only see the latest topic/article from Utoday mentioned by OP, nothing from other sources, and looks like this is old news. So i think the article is only to hype the price, unless there is a recent announcement/post (on X) of Elon regarding his own and his companies' bitcoin holdings, i can say nothing's new. Most people here know he sold most of Tesla's btc's holdings wayback 2022.

    yes maybe that's old information he got, I've also tried to find the latest news on this topic but I didn't find it. Although I didn't find the latest information about Tesla and SpaceX ownership that holds $1.30 billion worth of Bitcoin. I still believe that Tesla and SpaceX owned by Elon Musk hold $1.30 billion worth of Bitcoin because they are rich people and geniuses, they believe that Bitcoin can provide huge profits.

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    September 29, 2024, 08:55:35 AM
     #4
    Not surprising, though, as Elon is one of the richest people in the world, and he probably made a lot of money back then shilling Dogecoin.

    I remember before Elon made this tweet that looks like anti bitcoin
    https://x.com/elonmusk/status/1392602041025843203

    but in the end, they are one of the major holders.
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  • hd49728
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    September 29, 2024, 10:06:51 AM
     #5
    Quote from: Ricardo11 on September 29, 2024, 06:04:56 AM
    On-chain data analytics platform Arkham Intelligence recently revealed the combined bitcoin holdings owned by Elon Musk's company, Tesla and SpaceX. According to Arkham, Elon Musk currently has $1.30 billion worth of bitcoins between his Tesla and SpaceX reserves, which equates to about 19822.27 BTC coins at current market value.
    It's very confusing between bitcoin owned by Tesla + SpaceX and bitcoin owned by Elon Musk. He is the CEO of these companies but he doesn't own all bitcoins of these two companies. You misunderstood the news or expressed your opinion inaccurately.

    Some information but Bitcointreasuries.net it has only 18,000 bitcoins totally but I think Arkham Intelligence with on chain analysis and real time update has more accurate data.
    https://bitcointreasuries.net/entities/spacex
    https://bitcointreasuries.net/entities/tesla

    Quote
    This large Bitcoin stash indicates Elon Musk's bullish position on Bitcoin.
    It is true and Elon Musk shown his bullish opinion on Bitcoin since the last bull run in 2019 or 2020.
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  • Adbitco
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    September 29, 2024, 10:09:24 AM
     #6
    Quote from: Ricardo11 on September 29, 2024, 06:04:56 AM
    Elon Musk also revealed SpaceX's Bitcoin holdings in 2021 at "The B Word" online conference. ""I own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin,"" Musk said.

    News link: https://u.today/heres-how-much-bitcoin-btc-elon-musks-tesla-and-spacex-currently-hodls
    When I first look at the title I was like I am not sure this will be the only bitcoin owned by Elon musk, but when I read down it shows that the above mentioned bitcoin was only a reserve but not included to his personal stash or as reserve to his secret wallet where people don't know it's from him. I wouldn't be surprised that Elon musk is have 2x of the aforementioned amount because already we know him to be richest and he is also a bitcoin and altcoin lover, he can influence the market for his personal gain or interest.
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    September 29, 2024, 02:17:17 PM
     #7
    Tesla is a public company so any BTC (along with other holdings) must be disclosed and are public.
    SpaceX is private so there might be some coins controlled by them that we don't know about.

    Either way, without showing proof of addresses and proof they control those addresses it's all just a guess as is most of what Arkham puts out.

    -Dave
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    █████████████████████████    		.
    ...SOL.....USDT...
    ...FAST PAYOUTS...
    ...BTC...    ...TON...
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