- Musk’s Tesla and SpaceX now hold over $2B in Bitcoin, revealing deep institutional confidence and long-term crypto commitment.
- Arkham’s wallet analysis links SpaceX to massive BTC holdings, showing how corporations discreetly accumulate digital assets.
- xAI’s Grok 4 launches after July 4 with advanced reasoning, aiming to rewrite online knowledge using cleaner, bias-free datasets.
Tesla and SpaceX now jointly hold over $2 billion in Bitcoin, according to recent analysis by Arkham Intelligence. The crypto positions, purchased at an average of $32,000 per BTC, have earned Musk’s companies nearly $1.5 billion in unrealized profits. Tesla publicly disclosed its $1.5 billion Bitcoin acquisition in early 2021. Meanwhile, SpaceX is silent on its holdings until Arkham identifies blockchain wallets linked to the firm. This development solidifies Elon Musk’s commitment to cryptocurrency despite his silence on the topic.
Besides Tesla’s initial openness, SpaceX adopted a quiet strategy while amassing Bitcoin. As per Arkham’s the companies followed a long-term investment approach instead of short-term speculation. Hence, they capitalized on Bitcoin’s price recovery after major downturns.
Moreover, Tesla’s early experimentation with Bitcoin payments briefly allowed customers to buy vehicles using BTC. However, the company discontinued this due to environmental concerns. Despite that, neither firm liquidated their core Bitcoin holdings. This suggests strong conviction in the asset’s long-term value. The holdings offer new strategic tools, including crypto-backed loans and advanced financial hedging instruments.
Additionally, Arkham’s findings may push more scrutiny onto other corporations silently accumulating Bitcoin. This revelation exposes a wider trend in institutional crypto adoption. Corporate players increasingly view Bitcoin as a strategic reserve asset. Consequently, traditional balance sheets are evolving to accommodate digital assets.
Grok 4 Release Slated for Early July
Elon Musk also confirmed that xAI will release Grok 4 shortly after July 4. This follows Grok 3’s February debut. Grok 4 includes enhanced coding capabilities and advanced reasoning systems. Moreover, the final development stage requires “one more big run” before release, according to Musk.
Furthermore, Grok 4 will clean and refine online data used to train AI models. Musk plans to eliminate flawed and biased content. The model will rewrite online knowledge, improving accuracy and removing irrelevant data. xAI built Grok 3 using its custom Colossus supercomputer, completing development in under nine months. Consequently, Grok 4 aims to reshape AI training methodologies across industries. Musk’s dual play in AI and crypto now appears more strategic than speculative.
