Musk's company's bitcoin holdings have reached $2bn in value
According to monitoring data, Musk's companies' positions in bitcoin are worth $2 billion, with Tesla holding 11,509 bitcoins ($1.17 billion) and SpaceX holding 8,285 bitcoins ($842 million), which were purchased at an average cost of $34,980 each, which means that they've now made a $1.3 billion (186 per cent ) in profits.
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
Morgan Stanley expects the Federal Reserve to cut interest rates by 25 basis points to 3% - 3.25% in 2026
SpaceX transfers 1,083 BTC to a new address again after a one-week interval
BTC treasury company Stacking Sats Inc discloses holding 25.69 BTC
A certain whale staked 24,000 ETH, worth $75.94 million