Arkham Intelligence uncovered crypto wallets belonging to Elon Musk

Arkham Intelligence, an analytical platform, has announced that its experts have identified 96 crypto addresses associated with Elon Musk’s companies, including SpaceX, in the Bitcoin network. In total, the wallets of legal entities owned by Elon Musk have accumulated 19,794 bitcoins BTC $56,536.26 Bitcoin -2.88% Market capitalization $1.11 trillion VOL. 24 hours $4.57 billion worth more than $ 1.3 billion.

«We believe that Tesla currently owns 11 510. BTC ($ 780 million) at 68 addresses, and SpaceX has 8290. BTC ($ 560 million) at 28 addresses,» the announcement reads.

Arkham Intelligence emphasized: Musk has never concealed that his companies have cryptocurrency on their accounts, but until now, neither the amount nor the distribution between corporations was known for certain.

Speaking at the Morgan Stanley conference on technology, media, and telecommunications, Elon Musk said that the X/Twitter platform is likely to get rid of likes and retweets. According to him, such information visually spoils the content on the social network.

The billionaire also said that X may obtain a license to allow money transfers. First, in California, then in New York. According to Musk, this will bring the platform one step closer to the introduction of payment functions.