Tesla and SpaceX's Bitcoin Saga: Unveiling the Multimillion-Dollar Mystery

March 7, 2024
Tesla and SpaceX's Bitcoin Saga: Unveiling the Multimillion-Dollar Mystery
  • Tesla'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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