Recent data from Arkham Intelligence reveals that SpaceX, the aerospace company founded by tech billionaire Elon Musk, holds a substantial amount of Bitcoin.
This week, SpaceX achieved a major milestone by completing its first commercial spacewalk. The event featured Sarah Gillis, a SpaceX engineer and American entrepreneur, venturing into space at over 700 kilometers above Earth.
The achievement garnered significant attention and praise on X, the social media platform owned by Musk.
In addition, Musk has announced plans to advance space exploration further. He aims to send uncrewed spacecraft to Mars within two years, aligning with the period when Earth and Mars will be closest.
If successful, crewed missions could follow, with the goal of establishing a self-sustaining colony on Mars. Musk has expressed frustration over the bureaucratic obstacles facing SpaceX’s upcoming trials.
Meanwhile, SpaceX, like Musk’s other company Tesla, holds a notable Bitcoin reserve. According to Arkham Intelligence, SpaceX’s Bitcoin holdings are valued at approximately $500 million.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.