Elon Musk's SpaceX and Tesla still hold 18486 bitcoins, making a total profit of over $1.7 billion
According to BlockBeats, on July 22nd, after SpaceX transferred $152 million in BTC for the first time in three years, Musk's SpaceX and Tesla still hold 18486 bitcoins, with an average cost of about $32000. Based on the current Bitcoin price of $118000, SpaceX and Tesla have profited over $1.7 billion by investing in bitcoins. Tesla purchased $1.5 billion worth of Bitcoin in January 2021 and sold Bitcoin in two transactions: in the first quarter of 2021, it sold $272 million worth of Bitcoin; Sold $936 million worth of Bitcoin in the second quarter of 2022. The last time SpaceX transferred Bitcoin before today was during the market downturn from May 25th to June 10th, 2022, when SpaceX transferred 17314 Bitcoin to Coinbase.