Following the recent changes in the Bitcoin ($BTC) price, how much $BTC do companies owned by Elon Musk hold?
Elon Musk’s companies Tesla and SpaceX stand out with their combined $BTC holdings of over $2 billion. It is estimated that both companies purchased $BTC at around $32,000, and considering current market conditions, these investments have totaled around $1.5 billion in profits.
The amount of $BTC held by SpaceX has reached 8,285 as of February 1, 2021. The current market value of these assets is calculated at approximately $896 million.
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.
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).
Sure, here is the list of publicly traded companies that hold the most Bitcoin:
- MicroStrategy, Inc. (MSTR) – 592,345 $BTC
- MARA Holdings, Inc. (MARA) – 49,678 $BTC
- XXI (CEP) – 37,230 $BTC
- Riot Platforms, Inc. (RIOT) – 19,225 $BTC
- Galaxy Digital Holdings Ltd (GLXY.TO) – 12,830 $BTC
- CleanSpark, Inc. (CLSK) – 12,502 $BTC
- Metaplanet Inc. (3350.T) – 12.345 $BTC
- Tesla, Inc. (TSLA) – 11,509 $BTC
- Hut 8 Mining Corp (HUT) – 10,273 $BTC
- Coinbase Global, Inc. (COIN) – 9,267 $BTC
*This is not investment advice.