SpaceX and Tesla, under Elon Musk, still hold 18,486 Bitcoins, with total profits exceeding $1.7 billion

According to Jinse Finance, after SpaceX made its first transfer of $152 million worth of BTC in three years today, Elon Musk’s SpaceX and Tesla still hold 18,486 bitcoins. The average acquisition cost for these bitcoins is around $32,000. Based on the current bitcoin price of $118,000, SpaceX and Tesla have made a combined profit of over $1.7 billion from their bitcoin investments. Tesla purchased $1.5 billion worth of bitcoin in January 2021 and sold bitcoin in two separate transactions: $272 million worth in the first quarter of 2021, and $936 million worth in the second quarter of 2022. Prior to today, SpaceX’s most recent bitcoin transfer occurred during the market downturn from May 25 to June 10, 2022, when SpaceX transferred 17,314 bitcoins to an exchange.