Tesla SpaceX Bitcoin Holdings Surge 46% to 2 Billion

Tesla and SpaceX, both companies owned by Elon Musk, have seen significant gains from their Bitcoin holdings. The two firms now hold nearly 20,000 BTC combined, with unrealized gains nearing $1.5 billion since their average entry price of $32,000. This substantial investment underscores Musk's confidence in Bitcoin as a viable corporate treasury asset.

On-chain data reveals a complex and long-standing Bitcoin wallet structure linked to Musk’s firms, managed through Coinbase Prime. This structure has been in place for several years, indicating a well-planned and strategic approach to Bitcoin management. Both Tesla and SpaceX have maintained a 100% Bitcoin-only stance, further emphasizing their belief in the cryptocurrency's potential as a corporate asset.

Tesla holds 11,509 BTC, valued at approximately $1.23 billion, while SpaceX owns 8,285 BTC, valued at $883.6 million. The combined value of their Bitcoin holdings is over $2 billion, placing them among the top institutional holders on-chain. This positions them alongside other major institutional investors who have also embraced Bitcoin as a key part of their treasury strategy.

The on-chain data also highlights a vast network of Bitcoin wallets tied to these corporate holdings, extending over four years. This network includes a central holding address surrounded by hundreds of wallets, with transaction data spanning from mid-2021 to mid-2025. The visual representation of this network shows heavy inflows around Q3 2022, followed by a burst of wallet connections in early 2023, and wide-scale distribution or wallet segmentation by early 2024. This structured and deliberate wallet management protocol reflects a high level of organization and strategic planning.

Both Tesla and SpaceX rely on Coinbase Prime Custody for managing their Bitcoin holdings. This custody model secures billions in assets using institutional-grade infrastructure, backed by regulatory-grade protections. Each wallet integrates with broader compliance measures, ensuring that these positions remain auditable and safely stored. This approach not only secures the assets but also provides a layer of institutional security, making it a reliable choice for managing large-scale Bitcoin holdings.

In summary, the significant gains from Tesla and SpaceX's Bitcoin holdings, combined with their strategic management and unwavering commitment to Bitcoin, highlight the growing acceptance of cryptocurrency as a corporate treasury asset. This development is likely to influence other institutions to consider similar strategies, further solidifying Bitcoin's role in the financial landscape.