TLDR
- SpaceX holds over $1 billion in Bitcoin with 8,285 BTC, unchanged since 2022
- Tesla maintains $1.42 billion in Bitcoin holdings with 11,509 BTC
- Combined SpaceX and Tesla hold approximately 19,788 BTC worth $1.8 billion
- Bitcoin reached new all-time high of $124,300, now trading around $123,117
- Both companies adopted HODL strategy, with no Bitcoin sales since mid-2022
SpaceX has crossed the $1 billion mark in Bitcoin holdings as the cryptocurrency reached a new all-time high on Wednesday. The aerospace company owns 8,285 BTC, valued at approximately $1.02 billion according to Arkham Intelligence data.
This milestone comes as Bitcoin surged to unprecedented levels, hitting $124,300 before settling around $123,117. The price rally drove Bitcoin’s market capitalization to $2.452 trillion, making it the fifth largest asset globally by market cap.
SpaceX first acquired Bitcoin in December 2020 and made its last purchase in June 2022. The company has maintained a strict hold strategy since then, with no sales recorded in over two years.
The current holdings represent a reduced position from SpaceX’s peak Bitcoin investment. Arkham data shows the company once held around 28,000 BTC worth $1.8 billion in April 2021. SpaceX reduced its holdings by roughly 70% in mid-2022 during the broader crypto market downturn.
The 2022 sell-off occurred during a turbulent period for cryptocurrencies. The Terra-Luna collapse in May and FTX bankruptcy in November created widespread market disruption. Many companies adjusted their crypto positions during this time.
Tesla Maintains Large Bitcoin Position
Tesla, also owned by Elon Musk, holds an even larger Bitcoin position than SpaceX. The electric vehicle company owns 11,509 BTC worth $1.42 billion at current prices.
Like SpaceX, Tesla has not purchased additional Bitcoin since 2022. The company also sold a portion of its holdings during the same market period. Tesla reported no Bitcoin sales in its most recent quarterly earnings report.
Tesla recorded over $500 million in unrealized gains on its Bitcoin holdings in the first quarter of 2025. This demonstrates the financial impact of the companies’ long-term holding strategy.
Combined, SpaceX and Tesla hold approximately 19,788 BTC valued at roughly $1.8 billion. This makes them among the largest corporate Bitcoin holders outside the financial sector.
Bitcoin Rally Driven by Rate Cut Expectations
Wednesday’s Bitcoin price surge was partly attributed to positive economic data. Cooler-than-expected inflation numbers increased speculation about Federal Reserve interest rate cuts in September.
Paul Howard from crypto market maker Wincent explained the market dynamics. “Markets had anticipated July’s CPI to tick up slightly to 2.8% from June’s 2.7%,” he said. “Instead, the figure held steady despite inflationary pressure from tariffs.”
The stable inflation reading increased expectations for potential US rate adjustments. Lower interest rates typically benefit risk assets like Bitcoin and other cryptocurrencies.
Bitcoin is up 3.17% in the last 24 hours according to market data. The cryptocurrency has now overtaken Google’s market capitalization, reaching the fifth position among global assets.
The top 100 public companies now hold over 951,323 Bitcoin collectively. This institutional adoption trend continues to grow as more corporations add cryptocurrency to their treasury holdings.
Corporate Bitcoin Strategy
SpaceX and Tesla’s Bitcoin holdings reflect a broader corporate trend toward cryptocurrency adoption. Both companies have maintained their positions despite market volatility over the past two years.
The HODL strategy has proven profitable for both companies. Their combined unrealized gains demonstrate the potential benefits of long-term crypto investment for corporate treasuries.
SpaceX last purchased Bitcoin on June 10, 2022, according to blockchain analytics. The company has shown no signs of changing its holding strategy despite Bitcoin’s price fluctuations since then.
