Elon Musk’s aerospace venture, SpaceX, has finally cracked the $1 billion Bitcoin milestone. Who knew rocket science and crypto could be such a perfect match? 🚀💸
Arkham Intelligence, the blockchain’s version of a nosy neighbor, revealed SpaceX’s hoard of 8,285 BTC is now worth $1.02 billion. This isn’t the first time they’ve hit this number, but hey, nostalgia is a powerful (and profitable) drug. 🤯
SPACEX NOW HOLDS $1 BILLION OF BITCOIN
After 3 years 4 months, SpaceX’s Bitcoin stack is finally worth over $1 Billion. Who knew patience could pay off in crypto? 🤯
SpaceX has held Bitcoin since January 2021.
In 2021, SpaceX was all in with 28,000 BTC (a cool $1.8 billion), but then came the crypto apocalypse: Terra-Luna’s fiery exit and FTX’s “I’ll be back” bankruptcy. They sold 70% of their stash, and haven’t bought more since. Classic. 🤷♂️
Tesla, Musk’s other electric car venture, also trimmed its Bitcoin holdings. Now both companies are crypto’s version of “rich kids” with $1.42 billion and $1.02 billion in BTC respectively. Who needs stability when you can have volatility and a side of ego? 💸
Bitcoin Price Surge and Market Impact
Bitcoin’s recent 3% spike pushed it to $123,824, briefly overtaking Google in market cap. Because why let a tech giant outshine you when you can let it breathe again? 🤣
Analysts are blaming the rally on whispers of a U.S. rate cut in September. Paul Howard of Wincent said, “Stable inflation = crypto’s new BFF.” Because nothing says “trust me” like a market built on chaos. 🤡
Bitcoin: the digital currency that lets you pay without banks. SpaceX: the company that launches rockets and now, apparently, crypto fortunes. Two peas in a rocket-powered pod. 🚀🪙
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2025-08-14 12:05