- SpaceX owns 8,285 BTC valued at over $1 billion
- Bitcoin was first purchased in December 2020
- No BTC has been sold since the last buy in June 2022
SpaceX’s Billion-Dollar Bitcoin Position Revealed
Elon Musk’s space company, SpaceX, has officially crossed the $1 billion mark in Bitcoin holdings, according to the latest data from Arkham Intelligence. With 8,285 BTC in its treasury, SpaceX is solidifying its position as one of the most influential non-financial institutions betting big on the future of digital currency.
The company began accumulating Bitcoin on December 31, 2020, a pivotal time during the last major bull run. It made its final purchase on June 10, 2022 and has not sold any BTC since then. This clearly reflects a long-term holding strategy and signals a deep conviction in Bitcoin’s role as a digital store of value.
SpaceX’s holding has grown significantly in value due to Bitcoin’s price appreciation, with its 8,285 BTC now worth over $1 billion — a significant corporate crypto stash by any measure.
A Clear Signal of Institutional Confidence
While many companies shy away from volatile assets, SpaceX’s steady hand with Bitcoin suggests growing institutional trust in crypto as a treasury asset.
This move aligns with Elon Musk’s broader interest in cryptocurrencies. Although Tesla has adjusted its crypto strategy over time, SpaceX appears to have taken a HODL-only approach. The fact that there have been zero BTC sales since mid-2022 speaks volumes about the company’s long-term belief in Bitcoin.
Such commitment is rare in a market known for high fluctuations, and it sets a strong precedent for other tech and aerospace firms considering crypto diversification.
What This Means for the Market
The revelation of SpaceX’s billion-dollar Bitcoin holdings comes at a time when corporate interest in crypto is surging. With better regulation , ETF approvals, and increasing transparency from analytics firms like Arkham, more companies may soon disclose or even increase their crypto exposure.
SpaceX’s position adds further legitimacy to Bitcoin as a serious asset for institutional investors. As adoption spreads, BTC’s reputation as “digital gold” continues to strengthen — and SpaceX’s strategy could prove to be one of the smartest treasury decisions of the decade.
Read Also:
- Rate Cuts Could Slash Circle’s Revenue by $618M
- Galaxy Digital Wallet Moves $125M into Hyperliquid
- Bitcoin Price Prediction After U.S. Pension Funds Get in the Game
- Ethereum Price Prediction: $5,200 and $6,400 Ahead?
- Thumzup Raises $50M for Crypto Expansion and BTC Credit Facility
