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Elon Musk's SpaceX and Tesla still hold 18,486 bitcoins, with a total profit of over $1.7 billion.
BlockBeats News, July 22, following today's "SpaceX Moves 152 Million US Dollars Worth of BTC for the First Time in Three Years," Musk's SpaceX and Tesla still hold 18,486 bitcoins, with an average cost of around $32,000. Based on the current $118,000 bitcoin price, SpaceX and Tesla have collectively made over $1.7 billion from their bitcoin investments.
Tesla purchased $1.5 billion worth of bitcoin in January 2021 and has sold bitcoin in two separate transactions:
Sold $272 million worth of bitcoin in the first quarter of 2021;
Sold $936 million worth of bitcoin in the second quarter of 2022.
Prior to today, SpaceX's most recent bitcoin transfer was during the market downturn from May 25, 2022, to June 10, 2022, when SpaceX transferred 17,314 bitcoins to Coinbase.
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