As Bitcoin (BTC) hit a new All time high on Wednesday, SpaceX, the privately owned aerospace company founded by Elon Musk, saw the value of its Bitcoin holdings surpass the $1 billion mark.
Arkham Intelligence, a blockchain analytics firm, reported that SpaceX already has 8,285 BTC, which is worth approximately $1.02 billion as of August 14, 2025.
SpaceX and Tesla’s Historical Bitcoin Strategy
This is not the first time SpaceX crossed the $1 billion mark. In April 2021, the company possessed approximately 28,000 BTC, valued at $1.8 billion. However following the market shock of 2022, such as the Terra-Luna collapse in May and the FTX bankruptcy in November, SpaceX sold around 70% of its Bitcoin. The company has not bought more Bitcoin since .
Tesla, Musk’s electric car company, also trimmed its Bitcoin holdings during this period. It currently owns 11,509 BTC, worth $1.42 billion. Both companies now hold substantial amounts of the world’s most recognized cryptocurrency.
Bitcoin Price Surge and Market Impact
On the same day, Bitcoin rose more than 3%, briefly topping $124,210 before settling near $123,824, surpassing its July 2025 all-time high. This rally pushed Bitcoin’s market cap to $2.452 trillion, temporarily overtaking Google’s $2.448 trillion before Google regained the lead.
Analysts explain the rally was driven by expectations of a U.S. interest rate cut in September 2025, following July inflation data that were cooler than expected.
“Markets had anticipated July’s CPI to tick up slightly to 2.8% from June’s 2.7%,” said Paul Howard, senior director at crypto market maker Wincent. “Instead, the figure held steady despite inflationary pressure from tariffs. This outcome is bullish for BTC and ETH, as it increases the likelihood of a potential U.S. rate adjustment.”
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