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SpaceX’s Bitcoin Stake Tops $1 Billion, Then Slides After Treasury Comment

by n70products
August 19, 2025
in Bitcoin
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SpaceX’s Bitcoin Stake Tops  Billion, Then Slides After Treasury Comment
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Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Ad Disclosure

SpaceX’s remaining Bitcoin holding climbed above $1 billion when Bitcoin hit contemporary highs, however the rally cooled after an announcement from the US Treasury.

In response to Arkham Intelligence knowledge reported by a number of shops, the aerospace agency holds 8,285 BTC, price about $1 billion at latest worth ranges.

SpaceX Strikes And Holdings

In response to on-chain trackers, SpaceX constructed up these cash between December 31, 2020, and June 10, 2022, and later moved a bit of its earlier stash to Coinbase Prime in mid-2022.

Latest on-chain exercise exhibits the corporate relocated 1,308 BTC to a brand new deal with three weeks in the past, a switch that analysts handled as a shuffle reasonably than a sale.

In response to Arkham knowledge, SpaceX’s Bitcoin holdings have exceeded $1 billion. The corporate holds a complete of 8,285 BTC, having first acquired Bitcoin on December 31, 2020, and making its final buy on June 10, 2022, after which it has held the cash thus far.… pic.twitter.com/u54i0LUVkz

— Wu Blockchain (@WuBlockchain) August 14, 2025

Value Drop After Treasury Announcement

Based mostly on reports, US Treasury Secretary Scott Bessent — serving beneath US President Donald Trump — mentioned the federal government won’t be shopping for further Bitcoin for its strategic reserve, and that remark weighed on crypto markets.

Bitcoin fell from its roughly $124,000 peak and slipped under $119,000 within the hours after the disclosure. That drop trimmed market positive factors and minimize the headline valuations of company holdings.

JUST IN: 🇺🇸 Treasury Secretary Bessent says the US Authorities is “not going to be shopping for” Bitcoin. pic.twitter.com/vL79P531CP

— Watcher.Guru (@WatcherGuru) August 14, 2025

Market Context And Previous Reductions

In response to Arkham, SpaceX as soon as held a a lot bigger place — roughly 28,000 BTC at its April 2021 peak — and pared again the scale of its on-chain stability through the market turmoil of 2022.

The mid-2022 strikes got here amid shocks just like the Terra-Luna collapse and the FTX chapter, occasions that pushed many companies to remodel crypto publicity. These earlier shifts assist clarify why SpaceX’s current on-chain complete is smaller than the height it carried.

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BTCUSD now buying and selling at $117,648. Chart: TradingView

Tesla And Mixed Figures

In response to stories, Tesla continues to carry 11,509 BTC, price about $1.4 billion at present costs. Mixed, the 2 Musk-linked corporations now maintain roughly $2.42 billion in Bitcoin on paper, a determine that relies upon solely on the worth snapshot used to worth the cash.

Reviews say the Treasury’s plan to depend on confiscated crypto for any authorities reserve reasonably than shopping for new BTC may maintain promoting stress off the market brief time period, however worth motion will observe many indicators — macro strikes, on-chain flows, and public remarks from huge holders.

In response to a number of stories, SpaceX’s remaining 8,285 BTC is price about $1.02 billion, however that headline quantity is now delicate to quick worth swings after the Treasury’s announcement.

Featured picture from Unsplash, chart from TradingView

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