How Much Bitcoin Does Tesla and SpaceX Hold?

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Elon Musk’s Tesla and SpaceX’s Secret Bitcoin Hoard Revealed! Discover how these tech giants are sitting on nearly 20,000 BTC and what it means for the future of crypto!

Tesla’s Bitcoin Investment

• Initial Purchase: In 2021, Tesla made a notable entry into the crypto world by buying $1.5 billion worth of Bitcoin.

• Current Holdings: As of September 2024, Tesla holds approximately 11,500 BTC. The current value of these holdings is around $680.35 million.

• Distribution: Tesla’s Bitcoin is spread across 68 different addresses, highlighting its significant stake in the cryptocurrency market.

SpaceX’s Bitcoin Strategy

• Adjustment Period: SpaceX adjusted its Bitcoin holdings by $373 million between 2021 and 2022, including selling off some assets.

• Current Holdings: As of September 2024, SpaceX’s Bitcoin stash amounts to about 8,300 BTC, valued at approximately $489.78 million.

• Wallets: These holdings are distributed across 28 wallets, reflecting SpaceX’s strategic approach to managing its crypto assets.

Combined Bitcoin Holdings

• Total Value: Together, Tesla and SpaceX hold nearly 19,800 BTC. This positions them alongside major financial institutions in terms of Bitcoin holdings.

• Significance: The combined value of their Bitcoin portfolios underscores their substantial investment and influence in the crypto market.

Future Outlook

• Unclear Plans: While both companies have made significant investments in Bitcoin, the exact future plans for these assets remain unclear.

• Elon Musk’s Comments: Elon Musk has previously mentioned Bitcoin in relation to his companies, but detailed strategies or future intentions have not been disclosed.

Tesla and SpaceX’s involvement in Bitcoin illustrates their substantial engagement with the cryptocurrency market. As both companies continue to navigate their strategies, their Bitcoin holdings will remain a focal point for those watching the market closely.