Tesla's Bitcoin holdings stayed flat in the second quarter of 2026, the company reported this week. The electric car maker still holds 11,509 BTC — a position it hasn't touched since selling off most of its stash in 2022. Separately, SpaceX, which holds 18,712 BTC, made a small transfer in early July, according to its pre-IPO SEC filings.
Tesla's Long Freeze
Tesla first bought $1.5 billion in Bitcoin in early 2021. It sold 10% of that to test liquidity, then unloaded 75% of the remaining holdings during the 2022 bear market. Since then, the company hasn't moved a single coin. That's more than three years of silence on the Bitcoin front.
The decision to hold comes as Bitcoin's market cap sits at $1.310 trillion, just ahead of Tesla's own $1.262 trillion market cap. Both are just outside the top 10 largest assets by market cap.
SpaceX's Minor Move
SpaceX, which disclosed its 18,712 BTC holding in its latest SEC filing before going public, made a small transfer in early July. The filing didn't specify the amount or destination, but the move is the first notable activity from the rocket company in months. SpaceX's Bitcoin stash is larger than Tesla's, and the company has been quieter about its crypto strategy.
The transfer comes as SpaceX prepares for its IPO, a process that has kept its financial disclosures under close scrutiny.
Market Cap Comparison
Bitcoin's market cap of $1.310 trillion and Tesla's $1.262 trillion put them neck and neck. Both are just outside the top 10 global assets. For context, Tesla's market cap is roughly 96% of Bitcoin's — a gap that has narrowed and widened over the years.
The two companies together hold 29,221 BTC, worth about $1.9 billion at current prices. That's a meaningful chunk of the circulating supply, but neither has shown urgency to add or subtract.
Tesla's next quarterly report is due in October. Whether CEO Elon Musk's other company, SpaceX, will disclose further Bitcoin activity in its IPO filings is an open question. For now, both firms are sitting tight — one for years, the other for weeks.
