Gate News bot news, according to Coindoo, as Bitcoin hovers near its historical highs, companies associated with Elon Musk are quietly sitting on huge Crypto Assets profits. Currently, SpaceX under Tesla has a Bitcoin reserve valued at over $2 billion, marking significant returns on investments made during the bull run period at the beginning of 2021.
TSL entered the Bitcoin market in February 2021, purchasing 11,509 Bitcoins at an average price slightly above $33,500. Based on the current valuation, the automaker’s Bitcoin reserve is now worth approximately $1.25 billion, with a gain of over 220%. Meanwhile, it has been reported that SpaceX holds 8,285 Bitcoins, valued at approximately $896 million.
These figures place TSL among the top ten corporate holders of Bitcoin, second only to giants like MicroStrategy, which holds as many as 592,345 Bitcoin. Other major participants include MARA Holdings, Riot Platforms, and Galaxy Digital.
Although Musk has not publicly announced any initiatives regarding Crypto Assets recently, the early exposure of his company continues to pay off — a quiet yet powerful reminder of how institutional adoption has reshaped the narrative around Bitcoin.
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