Elon Musk’s Tesla and SpaceX: Bitcoin Holdings and Profits

Tesla’s Bitcoin Journey

In January 2021, Tesla invested $1.5 billion in Bitcoin. They later sold some of their holdings, including $272 million in Q1 2021 and $936 million in Q2 2022. Currently, Tesla owns 11,510 BTC, worth around $780 million.

SpaceX’s Bitcoin Stash

SpaceX holds 8,290 BTC, valued at approximately $560 million. Their holdings are spread across 28 wallet addresses.

Combined Bitcoin Holdings

Tesla and SpaceX’s combined Bitcoin holdings rival those of major financial institutions. Tesla ranks third among the largest Bitcoin holders, behind MicroStrategy.

Musk’s Bitcoin Relationship

Musk has had a mixed relationship with Bitcoin. SpaceX’s sale of its Bitcoin holdings in 2023 contributed to a market crash. However, the company’s recent Bitcoin purchases suggest renewed interest.

Tesla’s Possible Bitcoin Increase

Tesla may have acquired an additional 1,790 BTC, bringing its total holdings to 11,510 BTC. This purchase aligns with the recent bullish trend in the cryptocurrency market.