Well, slap my wallet and call me a crypto cowboy! SpaceX’s Bitcoin stash just tiptoed past the $1 billion mark, only to get cold-shouldered by the US Treasury faster than you can say “blockchain.” 🌕💸
According to the number-crunchers at Arkham Intelligence (yes, that’s a real thing, not a Batman spinoff), Elon’s space gang is sitting on 8,285 BTC. That’s roughly $1 billion in today’s rollercoaster crypto economy. 🎢📈
SpaceX’s Crypto Shenanigans
Apparently, SpaceX hoarded these digital coins between December 31, 2020, and June 10, 2022. Then, in a move that screams “we’re not sure what we’re doing either,” they shuffled 1,308 BTC to a new address three weeks ago. Analysts say it’s just a shuffle, not a sale, but who knows? Maybe they’re building a Bitcoin rocket. 🚀💰
According to Arkham data, SpaceX’s Bitcoin holdings have exceeded $1 billion. The company holds a total of 8,285 BTC, having first acquired Bitcoin on December 31, 2020, and making its last purchase on June 10, 2022, after which it has held the coins to date.… 😎
– Wu Blockchain (@WuBlockchain) August 14, 2025
Treasury’s Buzzkill Announcement
Just as the party was getting started, US Treasury Secretary Scott Bessent (yes, under President Trump, because why not?) dropped a bombshell: the government won’t be buying more Bitcoin for its strategic reserve. Cue the crypto market’s collective sigh. 😑💔
Bitcoin, which was strutting around at $124,000, tripped and fell below $119,000 faster than you can say “regulatory overreach.” Ouch. 📉😖
JUST IN: Treasury Secretary Bessent says the US Government is “not going to be buying” Bitcoin. 🏛️🚫
– Watcher.Guru (@WatcherGuru) August 14, 2025
Market Drama and Past Mistakes
Turns out, SpaceX used to be a crypto whale, holding around 28,000 BTC back in April 2021. But then 2022 happened-Terra-Luna collapsed, FTX went belly-up, and suddenly everyone was rethinking their crypto exposure. SpaceX trimmed its stash, and here we are. 🌊💥
Speaking of stashes, Tesla’s still holding 11,509 BTC, worth about $1.4 billion. Together, Musk’s brainchildren are sitting on roughly $2.42 billion in Bitcoin. That is, until the next tweet or Treasury comment sends it all sideways. 🤪📉
The Treasury’s plan to use confiscated crypto for its reserve (because why buy when you can seize? 🕵️♂️💼) might ease selling pressure for now. But let’s be real: crypto prices are about as predictable as Elon’s Twitter feed. Macro moves, on-chain flows, and random remarks from billionaires-it’s all part of the circus. 🎪🤡
So, SpaceX’s $1.02 billion in Bitcoin is safe… for now. But with the Treasury lurking and the market’s mood swings, who knows? Strap in, folks-this ride’s just getting started. 🚀💫
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2025-08-15 06:19