Arkham Intelligence: Elon Musk’s companies hold 19,800 BTC

SpaceX, owned by Elon Musk, is not only engaged in space exploration but also actively invests in cryptocurrencies. According to the Arkham Intelligence analytical platform, SpaceX currently owns almost $ 500 million worth of bitcoin. This indicates the company’s long-term interest in the flagship of the crypto market, despite the high risks of the virtual asset market.

According to Arkham’s report, SpaceX owns approximately 8,300 BTC, which is almost $ 471.48 million. The coins are held on several wallets, and the company has not sold bitcoin in the last two years. The last significant transaction took place on June 10, 2022, when 1,260 BTC were transferred to the Coinbase exchange.

In total, Elon Musk’s companies, including Tesla, have about 19,800 BTC at their disposal, with a total value of more than $ 1 billion. Tesla owns about 11,500 BTC distributed across 68 addresses, while SpaceX controls about 8,300 tokens through 28 wallets.

It is also interesting to note that the value of bitcoin has shown positive dynamics amid this news. During yesterday, the price of BTC rose by 3%. However, the main cryptocurrency is now down by more than 1% and is trading at $ 56,600. The total trading volume also increased by 40%, indicating increased activity in the market.

Elon Musk also remains a loyal supporter of Dogecoin DOGE $0.29 Department Of Government Efficiency -0.09% Market capitalization $0.28 billion VOL. 24 hours $1.68 billion , which has contributed to the price growth of this cryptocurrency. After its publication on the X platform, the price of DOGE rose by 12%, but today the popular meme-coin is also showing a regression of more than 3.3%. Some analysts are even speculating on the possibility of Dogecoin’s growth to $ 1 if Musk continues to actively support this cryptocurrency.