Bitcoin News Today: SpaceX Bitcoin Holdings Surpass $1 Billion Amid Price Rally

SpaceX’s Bitcoin holdings have officially surpassed $1 billion, with the company currently holding 8,285 BTC, valued at approximately $1.02 billion based on Arkham Intelligence data [1]. This surge comes amid Bitcoin’s record-breaking price rally, which pushed BTC to a new all-time high of $124,300 [2]. The valuation marks a return to the levels SpaceX’s crypto portfolio reached in 2021, before a major sell-off in 2022 following broader market instability [3].

The milestone underscores the growing influence of institutional players in the cryptocurrency market. SpaceX made its initial Bitcoin purchases between December 2020 and June 2022, acquiring a significant amount at the time. However, in response to the Terra-Luna collapse, the FTX bankruptcy, and broader on-chain sell-offs, the company offloaded roughly 70% of its BTC holdings in mid-2022 and has not added to its position since [4]. Despite this, the recent price surge has propelled its remaining holdings into the $1 billion range once more.

This development occurs at a time when broader market sentiment is shifting in favor of Bitcoin. BTC’s price has surged to $124,300, with its market capitalization reaching $2.45 trillion, outpacing that of major tech firms like Google [5]. Analysts attribute the rise to increasing expectations for a U.S. Federal Reserve rate cut in September and unexpected softness in July inflation data [6]. The rally has made SpaceX one of the top private holders of Bitcoin, with its holdings placing it among the most significant institutional investors in the space.

The timing of this valuation resurgence also highlights the cyclical nature of the crypto market and the long-term positioning of major players like SpaceX and Elon Musk. While the company has not acquired additional Bitcoin in recent years, the price appreciation alone has been sufficient to restore the portfolio to its earlier high. This suggests that, even amid a bear market, a strategic entry point followed by a period of inaction can yield substantial returns during a bull phase.

The event also places SpaceX in a similar position to Tesla, which currently holds 11,509 BTC valued at around $1.42 billion [7]. Both companies, under Musk’s influence, have demonstrated a willingness to engage with cryptocurrency at a large scale, despite regulatory uncertainties and market volatility. The current success of their Bitcoin positions may encourage further institutional adoption or at least renewed attention to the asset class by large corporations.

Sources:

[1] https://www.ainvest.com/news/bitcoin-news-today-spacex-bitcoin-holdings-top-1-billion-btc-price-surge-2508/

[2] https://watcher.guru/news/spacex-bitcoin-holding-tops-1b-as-btc-hits-all-time-high

[3] https://thecryptobasic.com/2025/08/14/elon-musks-spacex-bitcoin-holding-exceeds-1b-amid-btc-rally-to-new-all-time-high/

[4] https://en.bitcoinsistemi.com/elon-musks-bitcoin-holdings-break-record-value-as-bitcoin-surpasses-all-time-high-here-are-the-details/

[5] https://coinpedia.org/news/bitcoin-rally-sends-elon-musks-spacex-crypto-holdings-past-1-billion/