Tesla SpaceX Accumulate $2 Billion in Bitcoin Earning 46% Unrealized Profits

Elon Musk's companies, Tesla and SpaceX, have accumulated over $2 billion in Bitcoin, demonstrating a significant institutional commitment to cryptocurrency. This revelation comes from an analysis by Arkham Intelligence, which identified blockchain wallets linked to SpaceX, showing that the company has been quietly amassing Bitcoin. Tesla, on the other hand, publicly disclosed its $1.5 billion Bitcoin acquisition in early 2021, with an average purchase price of $32,000 per BTC. This strategic move has earned the companies nearly $1.5 billion in unrealized profits, highlighting the long-term investment approach taken by both firms.

Tesla's initial foray into Bitcoin payments, which allowed customers to buy vehicles using BTC, was short-lived due to environmental concerns. However, neither Tesla nor SpaceX has liquidated their core Bitcoin holdings, indicating a strong belief in the asset's long-term value. This commitment to Bitcoin offers new strategic tools, such as crypto-backed loans and advanced financial hedging instruments, and may encourage other corporations to follow suit in accumulating digital assets.

In addition to the crypto investments, Elon Musk has confirmed that xAI will release Grok 4 shortly after July 4. This follows the February debut of Grok 3 and includes enhanced coding capabilities and advanced reasoning systems. The final development stage for Grok 4 requires "one more big run" before release, according to Musk. Grok 4 aims to clean and refine online data used to train AI models, eliminating flawed and biased content to improve accuracy and remove irrelevant data. xAI built Grok 3 using its custom Colossus supercomputer, completing development in under nine months. This strategic move in AI, coupled with the crypto investments, positions Musk's ventures at the forefront of technological innovation and institutional adoption of digital assets.