Bitcoin Sets New Record, Elon Musk's SpaceX "Pocketed" Over 1 Billion USD BTC

When Bitcoin surpassed its historic peak of 124,000 USD, becoming the focal point of global finance, a familiar name was also quietly reaping significant benefits – SpaceX of billionaire Elon Musk. The latest data from Arkham Intelligence shows that SpaceX currently holds 8,285 BTC worth approximately 1.02 billion USD, affirming Musk's position as one of the most influential figures in the cryptocurrency world.

📌 SpaceX – From BTC Giant to Cautious Player In April 2021, SpaceX owned about 28,000 BTC worth 1.8 billion USD. After several portfolio adjustments, the company currently ranks 4th in the world among private enterprises holding the most Bitcoin. Recently, SpaceX transferred 1,300 BTC ( worth over 153 million USD ) – the first transaction since June 2022, raising speculation about the possibility of transferring a custody wallet or preparing to sell. 💡 Elon Musk – The "Crypto" Journey Not Just With SpaceX Musk not only invests in Bitcoin through SpaceX but also through Tesla: In 2021, Tesla bought over 43,000 BTC worth 1.5 billion USD, considering it a long-term strategy to diversify its cash reserves. Currently, Tesla still holds 11,509 BTC (~1.42 billion USD), ranking 10th among publicly traded companies with the most Bitcoin. Although he has mentioned Bitcoin less on X over the past 3 years, Musk asserted in March 2022 that he still holds Bitcoin, Ethereum, and Dogecoin and "does not sell". Recently, Musk hinted at the possibility of incorporating cryptocurrency into a new political program called America Party, stating: "Fiat is hopeless, so the answer is yes." 📈 Bitcoin Boom – Interest Rates, Policies, and Market Sentiment Last Wednesday, Bitcoin reached a new peak of 124,300 USD, raising its market capitalization to 2.45 trillion USD – surpassing Google and becoming the fifth largest asset in the world. Main Cause: Expectations for a rate cut in September have reached 99% according to the CME FedWatch Tool. The cooling labor market, declining inflation, and political pressure on the Fed create favorable conditions for a loose monetary policy. This environment is particularly conducive to stocks and risk assets like Bitcoin, leading to strong interest from institutional investors. 🎯 Conclusion Amid the historic price surge of Bitcoin, Musk and SpaceX seem to be "in sync" as they hold a massive amount of BTC. Given the current economic and political context, both Bitcoin and Musk's investments may have many breakout opportunities in the near future.