Tesla and SpaceX Bitcoin Holdings Surge 222.62%

Elon Musk, the prominent entrepreneur and CEO of SpaceX and Tesla, has made significant strides in the cryptocurrency world, particularly with Bitcoin. As of February 1, 2021, SpaceX held 8,285 BTC, with an approximate market value of $896 million. This substantial holding reflects Musk's strategic investment in the digital currency, which has since grown in value.

Tesla and SpaceX, under Musk's leadership, have amassed over $2 billion worth of Bitcoin combined. According to new data, the two companies have made significant investments in Bitcoin, with an average purchase price of $32,000 per BTC. This investment has resulted in an unrealized profit of $1.5 billion, highlighting the potential returns from holding Bitcoin over time.

Tesla currently holds 11,509 BTC with its BTC investment that started on February 8, 2021. Tesla's average purchase price for these investments is stated as $33,539, while the company's profit rate in its Bitcoin position is currently at 222.62%. The market value of Tesla's current BTC portfolio is around $1.25 billion.

Musk's personal holdings in Bitcoin are notably smaller compared to his companies' investments. He has mentioned on social media that he owns a relatively small amount of Bitcoin, indicating that his primary involvement in the cryptocurrency market is through his companies rather than personal investments.

In addition to his Bitcoin holdings, Musk owns an estimated 54% of xAI, a company he founded in 2023. Private investors valued xAI at a reported $50 billion in November 2024, further adding to Musk's extensive asset portfolio. This valuation underscores the diverse and high-value investments Musk has made across various sectors, including technology and cryptocurrency.

Tesla ranks 8th on the list of public companies that hold the most BTC worldwide with its Bitcoin reserves. At the top of the list is MicroStrategy. The company's total BTC holdings are at 592,345. Other notable companies in the top 10 include MARA Holdings (49,678 BTC), Riot Platforms (19,225 BTC) and Galaxy Digital Holdings (12,830 BTC).

The strategic investments by Tesla and SpaceX in Bitcoin have positioned them as key players in the cryptocurrency market. The combined holdings of over $2 billion and the significant unrealized profits demonstrate the potential for substantial returns from investing in digital currencies. Musk's approach to Bitcoin investments, both personally and through his companies, reflects a forward-thinking strategy that leverages the growing importance of cryptocurrencies in the global financial landscape.