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SpaceX Bitcoin Holdings Exceed $1 Billion Amid Asset’s Surging Popularity

SpaceX Bitcoin Holdings Exceed $1 Billion Amid Asset’s Surging Popularity

CryptoNewsNetCryptoNewsNet2025/10/08 02:24
By:blockchainreporter.net

SpaceX, a space exploration company owned by Billionaire Elon Musk, has grabbed the spotlight after it surpassed the billion-dollar mark in its Bitcoin holdings. According to data shared today by market analyst Arkham, SpaceX now holds over $1 billion in Bitcoin, equivalent to 8,285 BTC tokens. The announcement revealed the company’s long-term relationship with Bitcoin. As per Arkham’s data, SpaceX bought the Bitcoin in 2021 and since then has been holding the tokens for more than four years now.

SPACEX NOW HOLDS $1 BILLION OF BITCOIN

SpaceX purchased this Bitcoin in 2021 and has been holding $BTC for over 4 years.

They are now up $1 Billion in total. pic.twitter.com/C6w36uPF7n

— Arkham (@arkham) October 7, 2025

SpaceX’s Bet on Bitcoin

However, past data from Arkham shows that this is not the first time SpaceX’s BTC holdings have climbed to the billion-dollar threshold. In the early part of 2021, the firm once disclosed having held as many as 28,000 Bitcoin tokens, which were valued at about $1.8 billion in April 2021.

Arkham’s data further revealed that SpaceX significantly slashed huge amounts of its BTC portfolio in mid-2022 when it sold out around 70% of the token reserves during the crypto volatile period witnessed that year. Since reducing its BTC holdings to the current number (8,285 BTC), SpaceX has not engaged in any selling activity or additional acquisition.

On July 22, 2025, the wallet associated with the firm transferred 1,300 BTC tokens valued at about $153 million to a new address, leaving over 6,900 BTC worth $810 million in the main wallet. That was the first on-chain activity from the wallet since mid-2022. According to sources familiar with closed information, the transfer executed by the firm was not meant to sell off the tokens, but was part of an effort to restructure the company’s storage wallet system.

Since 2022, SpaceX has been maintaining its current 8,285 BTC through recent market fluctuations. The revelation reinforces institutional corporate adoption. With SpaceX joining the Bitcoin bandwagon by holding BTC in its balance sheet, it may inspire other companies to do the same for financial growth. Tesla, the sister company owned by Elon Musk, also holds 1,509 BTC worth $1.37 billion.

Bitcoin’s Market Outlook

Bitcoin rose to a new ATH of $125,835.92 on weekend, Sunday, October 5, surpassing the former record of $124,480 noted in mid-August. The new climb has been catalysed by more user-friendly rules from the US government (led by President Trump) and rising demand from corporations.

SpaceX Bitcoin Holdings Exceed $1 Billion Amid Asset’s Surging Popularity image 0
The current price of Bitcoin is $121,538.15.

The asset gained around 13% since late September due to this factor: the US government shutdown. The failure by Democrats and Republicans to pass a bill financing government services before the financial year ended on September 30 triggered the government shutdown. The unfolding drama is eroding confidence in the US dollar and encouraging investors to diversify into alternative assets. This is referred to as “debasement trade,” where investors channel funds into hard asset investment options like Bitcoin and Gold.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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