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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Bernstein Downgrades Nvidia Rating and Target Price
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity
Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.
The White House did not intervene in the decision-making of Nvidia's board of directors.
Crypto prices
More
