SpaceX’s Bitcoin Treasury Surges Past $1B as BTC Shatters Records—Elon’s Bet Pays Off Big

Bitcoin rockets to new heights—and so does SpaceX's crypto vault.

When BTC punched through its all-time high this week, Elon Musk’s aerospace giant quietly crossed a billion-dollar milestone in digital asset holdings. Not bad for a 'side hustle.'

Wall Street analysts are still pretending they saw this coming.

SpaceX bitcoin Holding/Arkham Meanwhile, SpaceX's last on-chain activity came three weeks ago when it moved 1,308 BTC ($150 million then) to a new address, “bc1q8.” However, the move proved to be a mere relocation, as it has not sold them to date. Interestingly, another Musk-affiliated company, Tesla, still holds 11,509 BTC, worth over $1.4 billion, on its balance sheet, indicating the world’s richest man’s pro-innovation stance. Both firms were among the first publicly traded companies to hold Bitcoin, a practice that has recently gained traction. The companies now hold a combined $2.42 billion, with Arkham disclosing that they were acquired at an average price of $32,000. Bitcoin Climbs to New All-Time High The portfolio has appreciated on the back of Bitcoin’s rally to a new all-time high earlier today, continuing to set new price records. It surpassed its previous $123,181 peak on Thursday, setting a new top of $124,457. Meanwhile, Bitcoin has rebounded over 9% from its August 3 low of $111,982, rewarding those who bought the dip. Several analysts have also projected that this run would continue, predicting prices of $200,000 by the end of the year.