{"id":36663,"date":"2024-03-09T01:52:40","date_gmt":"2024-03-09T05:52:40","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=36663"},"modified":"2024-03-09T01:52:40","modified_gmt":"2024-03-09T05:52:40","slug":"heres-how-much-elon-musks-tesla-and-spacex-have-made-from-their-bitcoin-holdings","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/03\/09\/heres-how-much-elon-musks-tesla-and-spacex-have-made-from-their-bitcoin-holdings\/","title":{"rendered":"Here\u2019s How Much Elon Musk\u2019s Tesla And SpaceX Have Made From Their Bitcoin Holdings"},"content":{"rendered":"

A new report has revealed the total Bitcoin assets held by Elon Musk\u2019s Tesla<\/a> and SpaceX<\/a> companies and how much profit they\u2019re seeing so far.\u00a0\u00a0\u00a0<\/p>\n

Tesla And SpaceX Bitcoin Holdings Unveiled<\/h2>\n

On Thursday, March 7, Arkham Intelligence, an AI-based blockchain analytics platform, revealed the Bitcoin holdings of SpaceX and Tesla, two companies co-founded by X (formerly Twitter) owner, Elon Musk<\/a>. The comprehensive report also outlined Tesla\u2019s BTC transactions spanning from 2021 to 2024.<\/p>\n

According to Arkham, Tesla had purchased<\/a> about $1.5 billion worth of BTC in January 2021. Subsequently, the automotive company initiated multiple transfers, opting to sell off its Bitcoin holdings valued at $272 million in the first quarter of 2021 and about $936 million in the second quarter of 2022.\u00a0\u00a0<\/p>\n

Arkham has claimed<\/a> that the automotive company currently possesses a staggering 11,510 BTC, valued at $780 million. Furthermore, Tesla\u2019s substantial Bitcoin holdings<\/a> are reportedly spread across 68 wallet addresses.\u00a0<\/p>\n

On the other hand, SpaceX, a private space exploration and technology company, currently holds about $8,290 BTC worth approximately $560 million. These assets are reportedly distributed across a total of 28 wallet addresses.\u00a0<\/p>\n

The combined BTC holdings<\/a> of these two companies place them in a league comparable to the BTC holdings of major financial institutions. Tesla has secured the third position <\/a>among the largest Bitcoin holders, with MicroStrategy leading the list, possessing around 190,000 BTC worth over $8 billion.\u00a0<\/p>\n

Despite the considerable amount of BTC<\/a> held by Musk\u2019s companies, the CEO has seemingly had a love-hate relationship with Bitcoin. Earlier in 2023, Bitcoin crashed below $25,000<\/a> after Musk\u2019s SpaceX sold all its Bitcoin holdings. However, it seems the space company is showing more interest in BTC, as seen by its massive Bitcoin portfolio.\u00a0<\/p>\n

Tesla May Be Buying More BTC<\/h2>\n

A crypto community member, identified as \u201cDefinalist\u201d on X, has shared insights<\/a>, suggesting that Tesla might be increasing its involvement in Bitcoin<\/a>. Referring to Arkham Intelligence\u2019s report of Tesla\u2019s BTC holdings, Definalist disclosed Tesla\u2019s acquisition of an additional 1,790 BTC.\u00a0<\/p>\n

Definalist has revealed that in 2023, Tesla\u2019s BTC balance sheet had held about 9,720 BTC. Fast forward to 2024, the automotive company\u2019s portfolio has expanded to 11,510 BTC, revealing an unreported acquisition of an extra 1,790 BTC.\u00a0<\/p>\n

This significant Bitcoin purchase could be attributed to the growing enthusiasm for the cryptocurrency, driven by its recent bullish momentum<\/a> and massive price increases. At the time of writing, Bitcoin is trading at a price of $67,279, according to CoinMarketCap. The cryptocurrency previously surged to an all-time high of $69,200<\/a> on March, 5, after which it retraced to its current price level.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

A new report has revealed the total Bitcoin assets held by Elon Musk\u2019s Tesla<\/a> and SpaceX<\/a> companies and how much profit they\u2019re seeing so far.\u00a0\u00a0\u00a0<\/p>\n

Tesla And SpaceX Bitcoin Holdings Unveiled<\/h2>\n

On Thursday, March 7, Arkham Intelligence, an AI-based blockchain analytics platform, revealed the Bitcoin holdings of SpaceX and Tesla, two companies co-founded by X (formerly Twitter) owner, Elon Musk<\/a>. The comprehensive report also outlined Tesla\u2019s BTC transactions spanning from 2021 to 2024.<\/p>\n

According to Arkham, Tesla had purchased<\/a> about $1.5 billion worth of BTC in January 2021. Subsequently, the automotive company initiated multiple transfers, opting to sell off its Bitcoin holdings valued at $272 million in the first quarter of 2021 and about $936 million in the second quarter of 2022.\u00a0\u00a0<\/p>\n

Arkham has claimed<\/a> that the automotive company currently possesses a staggering 11,510 BTC, valued at $780 million. Furthermore, Tesla\u2019s substantial Bitcoin holdings<\/a> are reportedly spread across 68 wallet addresses.\u00a0<\/p>\n

On the other hand, SpaceX, a private space exploration and technology company, currently holds about $8,290 BTC worth approximately $560 million. These assets are reportedly distributed across a total of 28 wallet addresses.\u00a0<\/p>\n

The combined BTC holdings<\/a> of these two companies place them in a league comparable to the BTC holdings of major financial institutions. Tesla has secured the third position <\/a>among the largest Bitcoin holders, with MicroStrategy leading the list, possessing around 190,000 BTC worth over $8 billion.\u00a0<\/p>\n

Despite the considerable amount of BTC<\/a> held by Musk\u2019s companies, the CEO has seemingly had a love-hate relationship with Bitcoin. Earlier in 2023, Bitcoin crashed below $25,000<\/a> after Musk\u2019s SpaceX sold all its Bitcoin holdings. However, it seems the space company is showing more interest in BTC, as seen by its massive Bitcoin portfolio.\u00a0<\/p>\n

Tesla May Be Buying More BTC<\/h2>\n

A crypto community member, identified as \u201cDefinalist\u201d on X, has shared insights<\/a>, suggesting that Tesla might be increasing its involvement in Bitcoin<\/a>. Referring to Arkham Intelligence\u2019s report of Tesla\u2019s BTC holdings, Definalist disclosed Tesla\u2019s acquisition of an additional 1,790 BTC.\u00a0<\/p>\n

Definalist has revealed that in 2023, Tesla\u2019s BTC balance sheet had held about 9,720 BTC. Fast forward to 2024, the automotive company\u2019s portfolio has expanded to 11,510 BTC, revealing an unreported acquisition of an extra 1,790 BTC.\u00a0<\/p>\n

This significant Bitcoin purchase could be attributed to the growing enthusiasm for the cryptocurrency, driven by its recent bullish momentum<\/a> and massive price increases. At the time of writing, Bitcoin is trading at a price of $67,279, according to CoinMarketCap. The cryptocurrency previously surged to an all-time high of $69,200<\/a> on March, 5, after which it retraced to its current price level.<\/p>\n

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