Elon Musk's Tesla and SpaceX hold $1.30 billion in Bitcoin, surpassing previous reports.

From Investing.com

September 28, 2024 1:00:20 pm:

Arkham Intelligence revealed Elon Musk’s Tesla and SpaceX hold $1.30 billion in Bitcoin. Tesla’s holdings surpassed previous reports, now at $780 million, while SpaceX holds around $560 million. Musk disclosed these holdings at “The B Word” conference, affirming his and his firms’ Bitcoin ownership.

Bitcoin hit an intraday high of $66,439, now stabilizing around $65,000. Despite some retracement, the positive sentiment is strong, with BTC up 4.4% in the past week. Trading volume saw a 33% decline, but Bitcoin is on track for its best September.

Read more at Investing.com: Here’s How Much Bitcoin (BTC) Elon Musk’s Tesla and SpaceX Currently HODLs By U.Today