Bitcoin Rally Sends Elon Musk’s SpaceX Crypto Holdings Past $1 Billion

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Well, would you look at that! As Bitcoin skyrockets above the $124,000 mark-because why wouldn’t it?-Elon Musk’s SpaceX is basking in that same glow of digital currency magic. It’s like watching someone toss a bunch of pennies into a wishing well and finding out those pennies were actually gold coins.

SpaceX’s Bitcoin stash? Oh, just a casual $1 billion. No big deal, right? But sure enough, we’re all pretending it’s some mind-blowing revelation when, in reality, Musk has been hoarding these digital gold bars like a squirrel with a stash of acorns.

Let’s break it down. Here’s the juicy stuff you’re actually pretending to care about.

SpaceX Bitcoin Stash Tops $1B

According to Arkham Intelligence (yes, that’s a thing), SpaceX is currently holding a cool 8,285 BTC-valued at just over $1.02 billion. If you’re wondering whether Musk is still into digital assets, well, the answer is a resounding “yes.” Why else would he be sitting on an entire army of Bitcoin? (For the record, “digital gold” sounds way cooler than “cryptocurrency.”)

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.

– Arkham (@arkham) August 13, 2025

Sure, SpaceX has played this game before. Back in April 2021, it held a massive 28,000 BTC worth about $1.8 billion. But, like a kid who’s way too good at managing candy, Musk decided to trim his stash. That’s right, SpaceX is now the fourth-largest private Bitcoin holder. Let’s just say SpaceX’s Bitcoin portfolio is like a fancy collection of rare Pokémon cards-you don’t need them all, but having a few is enough to get you noticed.

Oh, and don’t forget: just recently, SpaceX moved a rather large 1,300 BTC (worth over $153 million). Was it a move to shuffle wallet custody or a subtle way to prep for a sale? That’s the million-dollar question. Or should I say, the $153 million question?

Musk’s Bitcoin Journey

Musk’s love affair with Bitcoin is, of course, not limited to SpaceX. In 2021, Tesla made headlines by purchasing over 43,000 BTC for a cool $1.5 billion, calling it a “long-term bet.” (That’s a $1.5 billion bet, mind you-talk about a “small” investment.) Today, Tesla’s sitting pretty with 11,509 BTC, worth around $1.42 billion. That’s like buying a used car and ending up with a Ferrari.

For those of you wondering why Musk is so quiet about Bitcoin on X these days-don’t worry, he still owns it. In fact, back in March 2022, just before Tesla sold a bunch of its holdings, Musk made it very clear: “I’m not selling my Bitcoin, Ethereum, or Doge.” Sure, buddy, we get it. It’s the same way I’m still holding onto that one embarrassing sweater from 2011.

Oh, and just to spice things up, Musk has hinted that cryptocurrency might play a role in his new political project, the “America Party.” So when someone asked if Bitcoin would be embraced by this new political venture, Musk casually responded: “Fiat is hopeless, so yes.” Guess what? Fiat money? Totally hopeless. But Bitcoin? Well, that’s something you can build a political party on.

Fiat is hopeless, so yes

– Elon Musk (@elonmusk) July 7, 2025

Bitcoin Breaks Records as Rate Cuts Soar

Bitcoin isn’t just doing well on its own. Oh no, this rally is getting a little help from its friends-like the incoming interest rate cuts. Bitcoin hit an all-time high of $124,300 on Wednesday, with its market cap now reaching a staggering $2.45 trillion. Move over Google, Bitcoin is now the fifth-largest asset in the world. It’s like that one kid who always shows up to the party uninvited, but somehow becomes the life of it.

Why is this happening? Oh, just some casual economic factors: a cooling labor market, easing inflation, and political pressure on the Fed. It’s the perfect storm for a little “monetary easing,” and guess who’s loving it? All the institutional investors. It’s almost like a game of musical chairs, except everyone’s already sitting comfortably with their Bitcoin-filled wallets.

So, Musk? He’s playing this game remarkably well. Seriously, I’m starting to think he’s just one step away from turning all of this into a game show.

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2025-08-14 12:30