🚀 SpaceX’s Bitcoin Bonanza: Musk’s Crypto Stash Surges Past $1B Amid BTC Rally

Elon Musk’s interstellar piggybank just got heavier—thanks to Bitcoin’s relentless bull run.

### Galactic Gains: How SpaceX Played the Crypto Casino

While Wall Street hedgies were busy shorting ETFs, Musk’s aerospace empire quietly hodl’d its way to a ten-figure crypto valuation. No rockets required—just diamond-handed conviction during last year’s ‘Crypto Winter.’

### The Tesla Blueprint Strikes Again

Same playbook, different company: SpaceX reportedly acquired BTC at sub-$30k levels, mirroring Tesla’s infamous 2021 bet. Now, with Bitcoin kissing $50k again, the portfolio’s up over 60%—outperforming most legacy tech stocks.

### When Moon? When Mars.

Musk’s dual obsession with Mars colonies and memecoins finally converges. Analyst whispers suggest SpaceX could become the first corporate treasury to settle supplier invoices in BTC—just don’t expect Dogecoin payments for Starlink subscriptions (yet).

*‘Another win for the ‘number go up’ theology,’ quipped a Goldman Sachs VP while adjusting his firm’s -17% crypto index forecast.*

As Bitcoin hit record highs above the $124,000 mark, making headlines as one of the hottest assets on the planet, it’s no surprise that Elon Musk’s SpaceX is also glowing.

The company’s bitcoin holdings have now surged to over $1 billion, and everyone’s taking note.

Here are the highlights you should know. 

SpaceX Bitcoin Stash Tops $1B

According to Arkham Intelligence, SpaceX currently holds 8,285 BTC valued at around $1.02 billion. This shows Musk’s continuing appetite for digital gold.

SPACEX NOW HOLDS $1 BILLION OF BITCOIN

After 3 years 4 months, SpaceX’s Bitcoin stack is finally worth over $1 Billion.

SpaceX has held Bitcoin since January 2021. pic.twitter.com/zpxDjgQB4z

SpaceX has been here before, as in April 2021, it held roughly 28,000 BTC valued at around $1.8 billion. But over time, the company trimmed its stash, making it now the fourth-largest private company holding Bitcoin.

Just recently, SpaceX moved 1,300 BTC worth over $153 million, its first transfer since June 2022, sparking speculation over whether it was shifting wallet custody or preparing for a sale.

Musk’s Bitcoin Journey

Musk’s crypto journey is not limited to SpaceX. In 2021, Tesla bought over 43,000 BTC for $1.5 billion, calling it a long-term bet and a way to diversify its cash. 

Today, Tesla holds around 11,509 BTC, worth roughly $1.42 billion. This makes it the 10th-largest public company in terms of Bitcoin holdings.

Musk has mostly stayed quiet about Bitcoin on X over the past three years. In March 2022, just before Tesla sold most of its holdings, he posted that he still owned and wouldn’t sell his Bitcoin, Ethereum, or Doge.

Musk has also signalled that cryptocurrency could play a role in his new political project, the America Party. Responding to a tweet asking if the party would embrace Bitcoin, Musk replied: “Fiat is hopeless, so yes.”

Fiat is hopeless, so yes

Bitcoin Breaks Records as Rate Cuts Soar 

Bitcoin’s rally is not happening in isolation. On Wednesday, it reached an all-time high of $124,300, pushing its market cap to $2.45 trillion. This makes Bitcoin the fifth-largest asset in the world, slightly ahead of Google.

The Optimism stems from growing expectations of a September interest rate cut, with odds now at around a 100% for the rate cut. The chance of a larger 50-basis-point cut has also climbed to 7%. 

:

A cooling labor market, easing inflation, and political pressure on the Fed have created the perfect environment for monetary easing. This is good news for equities and assets like Bitcoin. Institutional investors will be watching, which could push valuations even higher. 

Musk seems to be playing the game remarkably well!