Here’s How Much BTC Elon Musk’s SpaceX Owns: Details By U.Today

U.Today – Blockchain analytics platform Arkham Intelligence not too long ago highlighted an intriguing perspective on Elon Musk-owned SpaceX. This comes because the aerospace tech big celebrated a serious milestone, launching 4 astronauts to aim the world’s first non-public spacewalk.

In the present day, SpaceX’s newest mission — a daring and dangerous trek into Earth’s Van Allen radiation belts by a four-person civilian crew to conduct the primary industrial spacewalk — took flight. The mission, dubbed Polaris (NYSE:) Daybreak, launched at 5:23 a.m. ET.

Whereas SpaceX is primarily acknowledged for its formidable area missions and cutting-edge know-how, the corporate is likewise bullish on , the biggest cryptocurrency by market cap, proudly owning substantial BTC holdings.

In keeping with Arkham Intelligence, SpaceX’s Bitcoin holdings are price almost $500 million, indicating its bullish stance on the main cryptocurrency.

“However do you know that SpaceX isn’t simply bullish on Area? They’re additionally bullish on BTC, with virtually $500 million in holdings,” Arkham Intelligence stated in its tweet.

SpaceX’s Bitcoin holdings

Billionaire Elon Musk said beforehand that SpaceX owned some Bitcoin. In 2021, at “The B Phrase” on-line convention, Elon Musk stated that his aerospace tech firm, SpaceX, had invested in Bitcoin.

“I do personal Bitcoin, Tesla (NASDAQ:) owns Bitcoin, SpaceX owns Bitcoin,” Musk said, including that he additionally owns and . Musk didn’t reveal how a lot he or his corporations have invested, however he did state that he owns considerably extra Bitcoin than Dogecoin or Ethereum.

Nonetheless, the dimensions of the spacecraft producer’s BTC funding remained unknown till Arkham Intelligence revealed its discovery in March 2024.

Whereas Musk-owned firms personal sizable Bitcoin holdings, the precise quantity stays an open query.

This article was originally published on U.Today