Topic: Where does Elon and Saylor store their bitcoins? (Read 812 times)
I don't why someone won't care about his own affairs and after other people's business. What I believe is that people should respect other's privacy in the cryptocurrency community and I don't see any reason why Elon holding should our own top priority.
instead of knowing where elon keeps his assets, we also don't know exactly how much BTC he collects. many scholars have speculated on this, but do not know which is true.
as one of the richest people in the world, he also owns a lot of assets. it is impossible for him to carelessly keep his assets, surely there are many related parties who have offered their services to secure the ownership of the Crypto.
rather than worrying about this, how about we find the most effective way for "common people" like us to collect btc, I think it's more useful.
as one of the richest people in the world, he also owns a lot of assets. it is impossible for him to carelessly keep his assets, surely there are many related parties who have offered their services to secure the ownership of the Crypto.
rather than worrying about this, how about we find the most effective way for "common people" like us to collect btc, I think it's more useful.
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It was already mentioned previously that they're holding their coins in custodial wallets.It is unlikely that they're gonna hold it in hardware/desktop wallets, because we're talking about people that buy large amounts of coins in here.
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....
It might not be for you, however, it might be for someone similar to Michael Saylor or the other whales hehehe.
In any case, it appears the high fees was caused by Tesla’s transactions to the exchange and some insiders might have tried to pay higher fees to have their transactions confirmed first hehe.
Tesla sold some of its bitcoin (BTC, -1.49%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.
In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:
"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in 'Restructuring & Other' line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses."
Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m
If there are high fees again on the 2nd quarter, I speculate it might be Tesla and the the whales who know again hehehehehe.
Ok, maybe somehow you can manage to get the correct information about where did they reserved their fund, how do you think it will be beneficial for community? Can you stop them to selling the fund or force them not to pay higher fees to get confirmed their transaction first. I don't think so, no one reserve this right to do such things...
And this is what digital money all about. Freeing you from slavery and letting you control your funds whenever you want and wherever you want.
Considering the risk involved in storing such huge amount of coin online I believe paper wallet or possibly a hardware wallet should serve as storage to their funds. With both options it would be difficult to trace their coin value e online after the have purchased them. The only import their private key when ever the desire to monitor their coin
I Think elon musk have vip wallet in paypal becouse in Future paypal accept and store crypto so that's why also need bitcoin to Invest on PayPal elon musk have huge number of Bitcoin and Doge
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....
It might not be for you, however, it might be for someone similar to Michael Saylor or the other whales hehehe.
In any case, it appears the high fees was caused by Tesla’s transactions to the exchange and some insiders might have tried to pay higher fees to have their transactions confirmed first hehe.
Tesla sold some of its bitcoin (BTC, -1.49%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.
In the slide deck accompanying the company’s first-quarter earnings results Monday, Tesla mentioned the sale of some bitcoin:
"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in 'Restructuring & Other' line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses."
Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m
If there are high fees again on the 2nd quarter, I speculate it might be Tesla and the the whales who know again hehehehehe.
I think they share it to some hardware wallets themselves with very secure security system, and some others maybe they keep in exchange and this information is very confidential to public, this is just my thinking about whether it is true or not
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....
Sometimes i think that we are here just to make things worst than being helpful.
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
If though someone will be able to find out about their wallet to monitoring their fund movement i don't think it will be helpful for us. It may cause of big rumor about selling or moving fund anonymously and will cause of panicking people . Maybe it will lead people to make mistakes and will damage the market ....
In any case, you are unlikely to ever know where they store their funds.
Agreed. However, blockchain analytics companies similar to Chainalysis and other Chinese, European blockchain analytics might find those addresses in time. It can be very hard for anyone to be anonymous against exchanges who employ of those type of services.
I too thought the same, Data scientists will find a way to track down the ledger and recognize the addresses which are holding Elon and Micheal's BTC. But I don't feel it will be any use for the common public as these will be cold wallets.
There are many others who are keeping their crypto in hardware wallets and cold wallets which we might never know of.
Very difficult to say where does Elon and saylor store their bitcoin but we can say it will be very safe with high security service. They hold large number of bitcoins so security in very important. They must have a high quality storage wallet.Their wallet can not be searchable by anyone or hackers. Trust or metamask can be seen by anybody.
In any case, you are unlikely to ever know where they store their funds.
Agreed. However, blockchain analytics companies similar to Chainalysis and other Chinese, European blockchain analytics might find those addresses in time. It can be very hard for anyone to be anonymous against exchanges who employ of those type of services.
and with enormous assets, it would not be wise to publish to the public where they keep them. yes, it could invite people's malicious intentions, what for? Even without the show off, the world already knows they are rich people, right?
after all, by involving large funds, of course they are very selective in choosing a storage place with a high level of security and assurance. I don't want to guess, let it be as secret as the owner wants it to be.
ah,, rather than dizzy thinking about this, we better work hard again to collect bitcoins
after all, by involving large funds, of course they are very selective in choosing a storage place with a high level of security and assurance. I don't want to guess, let it be as secret as the owner wants it to be.
ah,, rather than dizzy thinking about this, we better work hard again to collect bitcoins
Where Elon and Saylor keep their bitcoins ,,, ?? I've read some articles about elon and saylor, but never able to find out about their bitcoin storage, maybe they don't publish to the public about all of that, maybe because of security issues ,,
I wonder what wallets they use. Trust,Ownr,Wax,Cryptocom, Exodus, or something else?
Why are you wondering such a question instead of reading at least a few posts at the beginning of this thread? Having billions of dollars worth of BTC and keeping it in any of the crypto wallets you mentioned would be a security nightmare and real nonsense.
Since these are public companies, their only option is custodial wallets, very likely a Coinbase Custodial service that provides services to such large clients.
In any case, you are unlikely to ever know where they store their funds.
As far as I know, all we know is which companies brokered the bitcoin(Coinbase for both[1][2]). As for how/where they store their coins, I don't think they publicized the information. It's a smart decision not publicizing it though; with such huge amounts of bitcoin, you'd take every safety precaution you could have regardless how small.
[1] https://www.coindesk.com/microstrategy-used-coinbase-for-massive-bitcoin-purchase
[2] https://www.coindesk.com/tesla-coinbase-bitcoin-buy
Partnering with a cryptocurrency institution is better than holding your Bitcoin alone. The biggest risk is Elon Musk's wallet hack, forgetting wallet password, wallet recovery phrase, and being groped by others in space. If I were a man with lots of bitcoins I would act like him. Just get a deal and don't think much of what follows. [1] https://www.coindesk.com/microstrategy-used-coinbase-for-massive-bitcoin-purchase
[2] https://www.coindesk.com/tesla-coinbase-bitcoin-buy
They won't tell their address and where they store their bitcoins. However, in my opinion, they store in a hardware wallet like the ledger or trezor. very dangerous if they are stored in a web wallet or a software wallet. given that the internet is the biggest source of all viruses and hacks.
It appears there were only very few people who knew that Tesla was selling some of their coins hehehe. I reckon knowing where Tesla holds them would have saved traders their billions lost in liquidation hehe.
Tesla sold some of its bitcoin (BTC, +4.56%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.
Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m
Tesla sold some of its bitcoin (BTC, +4.56%) stash in the first quarter for $272 million in proceeds.
The sale trimmed Tesla’s position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call Monday.
Source https://www.coindesk.com/tesla-sold-bitcoin-in-q1-for-proceeds-of-272m
elon musk did not sell any bitcoin
it was tesla that sold 10 % of its position, with greater benefit than selling cars
this exemple should be contagious to other industries
https://bitcointalksearch.org/topic/m.56878367
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