Here's How Much
#Bitcoin (
$BTC ) Elon Musk's Tesla and SpaceX Currently HODLs.
Elon Musk's Tesla and SpaceX Bitcoin holdings
According to Arkham, Tesla and SpaceX currently possess Bitcoin worth $1.30 billion in their reserves. This large Bitcoin stash indicates Elon Muskâs bullish stance on the leading digital asset. The $1.3 equates to approximately 19,788 BTC coins at Bitcoin's current market price.
Elon Muskâs companies, Tesla and SpaceX, own a combined $1.30B in Bitcoin. pic.twitter.com/GhrwcDlixwâ Arkham (@ArkhamIntel) September 27, 2024
Arkham's findings suggest that Tesla's Bitcoin holdings have exceeded the previously reported figure. Arkham reported that Tesla held $780 million worth of BTC in March. The data also shows SpaceX possesses a sizable Bitcoin treasure chest valued at approximately $560 million.
Tesla's foray into Bitcoin began in February 2021 when the firm bought $1.5 billion. The firm said the Bitcoin purchase was to help further diversify and maximize returns on its cash. Tesla also said it will start accepting payments in Bitcoin in exchange for its products, subject to applicable laws.
Elon Musk also revealed SpaceXâs Bitcoin holdings in 2021 at âThe B Wordâ online conference. âI do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin,â Musk stated.
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