Corporate Bitcoin reserves of Tesla and SpaceX have reached a new record, with a total value exceeding $2 billion. This marks a significant return on investments.
Tesla's Bitcoin Holdings
Tesla entered the Bitcoin market in February 2021, acquiring 11,509 BTC at an average price just above $33,500. With current valuations, the automaker’s stash is now worth around $1.25 billion, representing a gain of more than 220%.
SpaceX's Bitcoin Holdings
SpaceX is reported to hold 8,285 BTC, translating to roughly $896 million in value based on current prices.
Tesla’s Position Among Corporate Bitcoin Holders
These numbers place Tesla among the top 10 corporate holders of Bitcoin, behind giants like MicroStrategy, which leads with a staggering 592,345 BTC. Other major players in the top tier include MARA Holdings, Riot Platforms, and Galaxy Digital.
The significant investments by Tesla and SpaceX in Bitcoin highlight the importance of institutional adoption in cryptocurrencies. These facts illustrate the influence of companies like Tesla on public perception and the Bitcoin market.
