The Bitcoin Wallet Address of Elon Musk has been Revealed

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8 Mar 2024

The Bitcoin Wallet Address of Elon Musk has been Revealed

On-chain data from Arkham indicates that billionaire Elon Musk is currently holding nearly 20,000 Bitcoin through two companies, Tesla and SpaceX.
In the latest report from the on-chain platform Arkham Intelligence, Tesla – the renowned electric car company owned by billionaire Elon Musk – currently holds 11,509 Bitcoin, valued at around $780 million across 68 wallet addresses. Additionally, SpaceX, the aerospace manufacturer and space transportation company also owned by Musk, is holding 8,285 BTC, equivalent to $560 million, spread across 28 wallet addresses.

As of January 2024, Tesla has declared a “diamond hand” stance with 9,720 BTC, holding steady for 6 consecutive quarters despite fluctuations in the cryptocurrency market.
According to historical data, Tesla underwent significant changes in its Bitcoin portfolio starting from 2021. The company invested $1.5 billion in Bitcoin in February 2021, accumulating approximately 43,000 BTC. In the same month, Tesla announced its acceptance of BTC as payment, ushering the crypto community into a new wave. However, the company liquidated $936 million worth of BTC in 2022, retaining only $218 million by the end of September 2022, resulting in a net loss of $140 million in 2022.
If the information from Arkham Intelligence is accurate, Tesla acquired an additional 1,789 BTC in the first quarter of 2024, bringing Elon Musk’s total Bitcoin holdings to 19,794 BTC, valued at over $1.3 billion at the current time.
With 11,509 BTC currently held, Tesla becomes the third-largest publicly traded company holding cryptocurrency assets globally, following MicroStrategy (193,000 BTC) and Marathon Digital Holdings (16,930 BTC). Elon Musk himself becomes the second-largest individual BTC holder, second only to MicroStrategy CEO Michael Saylor.
In the past, Arkham has also identified several wallet addresses of famous Bitcoin ETFs such as Coinbase’s BTC wallet and Grayscale’s BTC and ETH wallets.
Related: Elon Musk Endorses Investment in AI Crypto