Following the recent changes in the Bitcoin (BTC) price, how much BTC do companies owned by Elon Musk hold? Elon Musk’s companies Tesla and SpaceX stand out with their combined BTC holdings of over $2 billion. It is estimated that both companies purchased BTC at around $32,000, and considering current market conditions, these investments have totaled around $1.5 billion in profits. The amount of BTC held by SpaceX has reached 8,285 as of February 1, 2021. The current market value of these assets is calculated at approximately $896 million. Tesla currently holds 11,509 BTC with its BTC investment that started on February 8, 2021. Tesla's average purchase price for these investments is stated as $ 33,539, while the company's profit rate in its Bitcoin position is currently at 222.62%. The market value of Tesla's current BTC portfolio is around $ 1.25 billion. Related News: A Turning Point for Cryptocurrencies: Solana and Ethereum ETFs with Staking Could Soon Begin Trading Tesla ranks 8th on the list of public companies that hold the most BTC worldwide with its Bitcoin reserves. At the top of the list is MicroStrategy. The company's total BTC holdings are at 592,345. Other notable companies in the top 10 include MARA Holdings (49,678 BTC), Riot Platforms (19,225 BTC) and Galaxy Digital Holdings (12,830 BTC). Sure, here is the list of publicly traded companies that hold the most Bitcoin: MicroStrategy, Inc. (MSTR) – 592,345 BTC MARA Holdings, Inc. (MARA) – 49,678 BTC XXI (CEP) – 37,230 BTC Riot Platforms, Inc. (RIOT) – 19,225 BTC Galaxy Digital Holdings Ltd (GLXY.TO) – 12,830 BTC CleanSpark, Inc. (CLSK) – 12,502 BTC Metaplanet Inc. (3350.T) – 12.345 BTC Tesla, Inc. (TSLA) – 11,509 BTC Hut 8 Mining Corp (HUT) – 10,273 BTC Coinbase Global, Inc. (COIN) – 9,267 BTC *This is not investment advice. Continue Reading: How Much Bitcoin Does Elon Musk Currently Hold? Here Are His Assets Following the Latest Changes
