Blockchain analytics platform Arkham Intelligence claims to have identified the Bitcoin addresses for Tesla and SpaceX — holding a combined 19,794 BTC, worth more than $1.3 billion at current prices.

“Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on chain,” the firm posted on X.

Arkham believes Tesla currently holds 11,509 BTC across 68 addresses, worth $770.7 million, and SpaceX 8,285 BTC among 28 addresses, worth $554.9 million.

Arkham said the on-chain fund flows matched financial statements made by both companies. “Tesla purchased $1.5B of BTC in Jan 2021, and sold BTC on 2 occasions: Sold $272M BTC in Q1 2021. Sold $936M BTC in Q2 2022,” it wrote.

“Tesla allowed purchases of Teslas in Bitcoin between March 24 and …