His space company SpaceX has also bought Bitcoin. In response to an estimate by Tesla investor Dave Lee of the amount of Bitcoin from Telsa, Elon Musk recently revealed that his company owns less than 42,000 Bitcoin. That’s about $ 1.47 billion worth as of June 30th. According to Bitcoin.com, Tesla bought $ 1.5 billion worth of Bitcoin in the first quarter.
The company stopped accepting cryptocurrencies as a means of payment in March due to environmental concerns about high energy consumption. At the "B Word" conference on Wednesday, Elon Musk announced again that Tesla would be open to Bitcoin again.
Therefore, Bitcoin payments will be accepted again as long as there is evidence that at least 50 percent of the mines are powered by renewable energy. SpaceX is also buying Bitcoin According to him, Musk SpaceX's private space company is said to have bought Bitcoin - but it is keeping a low profile in terms of quantity and value. In addition to Bitcoin, Musk also owns Ethereum and Dogecoin currencies. The only company that owns more Bitcoin than Tesla is the multinational software maker Microstrategy. He owns about 105,000 Bitcoin. The company began investing stocks in Bitcoin in August 2020.