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Arkham Intelligence has identified the on-chain Bitcoin addresses of Elon Musk‘s companies, Tesla and SpaceX.
In a Mar. 7 social media post on X (formerly Twitter), Arkham disclosed that Tesla possesses 11,510 BTC, valued at $780 million, spread across 68 addresses.
MicroStrategy’s MSTR shares surged by about 3% in pre-market trading following the company’s announcement to increase its convertible debt offering to $700 million, up from the initially planned $600 million.
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Blockchain technology holds the potential to enhance various industries, particularly in the financial sector. Layer one protocols, which are essentially the base layer of any blockchain network, serve as key components of a blockchain system.
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Crypto firms are attracting top talents from the traditional financial sector in droves thanks to higher salaries and the prestige of working in the emerging industry.
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