SpaceX and Tesla Bitcoin Holdings Yield Significant Profits

1 day ago

Recent reports reveal that SpaceX and Tesla, led by Elon Musk, still hold 18,486 bitcoins even after SpaceX transferred $152 million worth of BTC. The average acquisition cost for these bitcoins was approximately $32,000 each.

With the current bitcoin price at $118,000, SpaceX and Tesla have realized profits exceeding $1.7 billion through their bitcoin investments. This substantial gain underscores the significant financial impact of their strategic cryptocurrency holdings.

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