SpaceX Bitcoin Stash Tops $1B as BTC Hits New Record of $124,000

SpaceX now holds more than $1 billion worth of bitcoin after the cryptocurrency reached a new all-time high around $124,000. Arkham Intelligence attributes 8,285 BTC to Elon Musk's private space company.

In March 2024, Arkham Intelligence claimed it had identified Bitcoin addresses linked to Tesla and SpaceX. The firm has maintained SpaceX's Bitcoin balance near 8,285 BTC in subsequent updates, with the dollar value changing alongside market prices. SpaceX ranks among the largest corporate Bitcoin holders globally.

Arkham's December 2024 research estimated Musk-linked companies held a combined 19,794 BTC. Tesla held 11,509 BTC while SpaceX held 8,285 BTC, with the total valued at just over $2 billion when bitcoin traded above $100,000. Since December, broader market gains and supportive U.S. policy signals have lifted crypto prices into 2025.

SpaceX does not publicly discuss its treasury strategy. Arkham's on-chain tracking has become a standard reference for estimating corporate and fund Bitcoin balances. The company's current holdings suggest a Bitcoin cost basis well below current prices, though specific purchase details remain private.

The latest bitcoin peak occurred during early Asian trading hours, surpassing July's previous high. Market analysts connected the price jump to expectations of easier monetary policy, recent U.S. regulatory changes, and steady inflows into crypto investment products.

Policy moves in the United States are also stoking demand. President Trump recently signed an executive order expanding 401(k) access to alternative assets, including cryptocurrencies; in parallel, the “Fair Banking” directive instructed regulators to ease barriers for the industry. Investors linked their impact to the rally to new highs and to more optimistic market expectations.

Bitcoin traded near $122,000 after setting the new record, showing the sharp price movements typical of major breakout periods. The cryptocurrency's performance remains tied to macroeconomic signals ahead of the September Federal Reserve meeting.