After SpaceX transferred $152 million BTC for the first time in three years today, Musk's SpaceX and Tesla still hold 18,486 bitcoins, the average cost of these bitcoins is about $32,000, and at the current bitcoin price of $118,000, SpaceX and Tesla made a total profit of more than $1.70 billion by investing in bitcoin.
Tesla bought $1.50 billion worth of bitcoin in January 2021 and sold it in two transactions:
Sold $272 million worth of Bitcoin in Quarter 1, 2021.
$936 million worth of Bitcoin was sold in the second quarter of 2022.
The last time SpaceX transferred bitcoins before today was during the market downturn from May 25 to June 10, 2022, when SpaceX transferred 17,314 bitcoins to Coinbase.
Musk's SpaceX and Tesla still hold 18,486 bitcoins, making a combined profit of more than $1.70 billion
2025-07-22 08:56:56
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