Bitcoin

Arkham

Elon Musk’s two major companies have seen their Bitcoin holdings reach a combined value of $2 billion as Bitcoin’s price approaches the near $100,000 milestone. 
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 Tesla and SpaceX BTC holding, Source: <a href="https://x.com/arkham/status/1865121594106089710?t=6LpsxZCC_YktpM7NRKcR7g&amp;s=19" target="_blank" data-type="link" data-id="https://x.com/arkham/status/1865121594106089710?t=6LpsxZCC_YktpM7NRKcR7g&amp;s=19" rel="noreferrer noopener nofollow">X</a>
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As per the data from Arkham Intelligence,&nbsp; Tesla possesses approximately 11,509 BTC, valued at around $1.17 billion USD, while SpaceX holds about 8,285 BTC, worth approximately $842 million USD.&nbsp; 
These bitcoins were purchased at an average of $34,980 per BTC. The price of bitcoin had risen to about $100, as a result, the holding has generated a gain of about $1.3 billion, a 186% rise in their initial investment. 
In 2021, Tesla announced that its initial investment in Bitcoin was $1.5 billion. The company briefly accepted Bitcoin as payment for its vehicles before suspending the option due to environmental concerns. 
Tesla recently <a href="https://www.cryptotimes.io/2024/10/16/elon-musks-tesla-moves-760m-in-bitcoin-after-two-years/" target="_blank" rel="noreferrer noopener">transferred its Bitcoin holdings</a>, worth $760 million, from its public wallet in a sequence of quick transactions. However, the company still likely <a href="https://www.cryptotimes.io/2024/10/23/tesla-likely-still-holds-780m-in-bitcoin-after-transfers/" target="_blank" rel="noreferrer noopener">holds $780 million</a> in Bitcoin.&nbsp;

Tesla and SpaceX Bitcoin Holdings Hit $2B Amid BTC Surge

The Crypto Times

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