Tesla and SpaceX's Bitcoin Saga: Unveiling the Multimillion-Dollar Mystery
March 7, 2024Tesla's reported Bitcoin holdings have increased to 11,509 BTC, valued at approximately $775 million, surpassing their previously disclosed amount of 9,720 BTC.
SpaceX is also reported to hold a substantial amount of Bitcoin, with 8,285 BTC worth an estimated $558 million.
Both companies have previously sold Bitcoin during a market downturn, with Tesla making a $455 million profit and SpaceX earning $132 million.
The discrepancy in Tesla's Bitcoin holdings has prompted speculation on whether the company has been purchasing more Bitcoin or if it's a result of an accounting error.
The crypto community is closely monitoring Tesla for an official update on their cryptocurrency investment strategy.
Bitcoin's current market price stands at $67,222, marking a slight increase of 1.03% in the past day.
Summary based on 12 sources
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Sources
Cointelegraph • Mar 7, 2024
Is Tesla buying Bitcoin again? BTC wallet data sparks curiosityU.Today • Mar 7, 2024
Elon Musk's Tesla and SpaceX Bitcoin Holdings Uncovered: DataFXStreet • Mar 7, 2024
Has Tesla secretly bought more Bitcoin?