As Bitcoin surpassed its historical peak of over 124,000 USD, becoming the center of global finance, a familiar name is also quietly benefiting significantly – SpaceX of billionaire Elon Musk.
The latest data from Arkham Intelligence shows that SpaceX currently holds 8,285 BTC worth approximately 1.02 billion USD, affirming Musk's position as one of the most influential figures in the cryptocurrency world.
📌 SpaceX – From BTC Giant to Cautious Player
In April 2021, SpaceX owned about 28,000 BTC worth 1.8 billion USD.
After several portfolio adjustments, the company currently ranks 4th in the world among private enterprises holding the most Bitcoin.
Recently, SpaceX transferred 1,300 BTC (worth over 153 million USD) – the first transaction since June 2022, raising speculation about the possibility of transferring a custody wallet or preparing to sell.
💡 Elon Musk – The "Crypto" Journey Not Just With SpaceX
Musk is not only investing in Bitcoin through SpaceX but also through Tesla:
In 2021, Tesla purchased over 43,000 BTC worth 1.5 billion USD, viewing this as a long-term strategy to diversify its cash reserves.
Currently, Tesla still holds 11,509 BTC (~1.42 billion USD), ranking 10th among public companies holding the most Bitcoin.
Although he has mentioned Bitcoin less on X over the past 3 years, Musk previously stated in March 2022 that he still holds Bitcoin, Ethereum, and Dogecoin and "does not sell."
Recently, Musk hinted at the possibility of bringing cryptocurrency into a new political program called America Party, stating: "Fiat is hopeless, so the answer is yes."
📈 Bitcoin Soars – Interest Rates, Policies, and Market Sentiment
Last Wednesday, Bitcoin reached a new peak of 124,300 USD, raising the market capitalization to 2.45 trillion USD – surpassing Google and becoming the 5th largest asset in the world.
Main Reasons:
Expectations for interest rate cuts in September reached 99% according to the CME FedWatch Tool.
The labor market is cooling, inflation is decreasing, and political pressure on the Fed is creating conditions for a loose monetary policy.
This environment is particularly favorable for securities and risky assets like Bitcoin, attracting strong interest from institutional investors.
🎯 Conclusion
Amid a historic bull run of Bitcoin, Musk and SpaceX seem to be "in sync" as they hold a massive amount of BTC. Given the current economic-political context, both Bitcoin and Musk's investments may have many breakout opportunities in the near future.