SpaceX’s Bitcoin Treasury Rockets Past $1B as BTC Smashes All-Time High

Elon Musk’s aerospace giant just joined the crypto billionaires’ club—and Wall Street’s still scrambling to keep up.

When Bitcoin blasts off, everybody notices. But when SpaceX’s balance sheet starts mooning? That’s when the suits start sweating into their spreadsheets.

The numbers don’t lie: With BTC hitting record highs, SpaceX’s cold storage vaults now hold over $1 billion in digital gold. No fancy derivatives, no over-leveraged hedge funds—just pure, unfiltered diamond-handed conviction.

Meanwhile, traditional finance bros are too busy downgrading Coinbase stock to notice the real trend: The future of corporate treasuries isn’t in T-bills—it’s on the blockchain.

Funny how the 'rat poison' keeps outperforming their 60/40 portfolios.

Bitcoin Price Surge and Market Impact

On the same day, bitcoin rose more than 3%, briefly topping $124,210 before settling near $123,824, surpassing its July 2025 all-time high. This rally pushed bitcoin’s market cap to $2.452 trillion, temporarily overtaking Google’s $2.448 trillion before Google regained the lead.

Analysts explain the rally was driven by expectations of a U.S. interest rate cut in September 2025, following July inflation data that were cooler than expected. 

Paul Howard, senior director at crypto market maker Wincent, said stable inflation increases the likelihood of a rate adjustment, boosting bitcoin and ethereum, the second-largest cryptocurrency.

Bitcoin is a digital currency that allows secure online payments without banks. SpaceX, known for launching rockets and satellites, now joins Tesla in holding substantial amounts of this popular cryptocurrency.

Also Read: Bitcoin Could ‘Godzilla’ Up or Drop in Altcoin Mania, Says Mow