SpaceX’s bitcoin holdings have surpassed US$1 billion as the cryptocurrency hit a new all-time high on August 14, 2025, according to blockchain analytics firm Arkham Intelligence.

The company, led by Elon Musk, currently holds 8,285 bitcoin, valued at around US$1 billion.

SpaceX’s bitcoin holdings previously topped US$1 billion in April 2021, when it owned about 28,000 bitcoin valued at US$1.8 billion.

The firm reduced its bitcoin position by roughly 70% in mid-2022 and has not added to its holdings since, Arkham data shows.

Tesla, another Musk-led company, holds 11,509 bitcoin, worth about US$1.4 billion.

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🔗 Source: The Block

🧠 Food for thought

1️⃣ Corporate bitcoin treasuries reveal institutional buying patterns through market cycles

SpaceX’s bitcoin journey illustrates how large corporations navigate cryptocurrency volatility with strategic timing decisions.

The company originally purchased nearly 26,000 BTC for about $860 million, with an average cost of around $33,000 per coin1. This means SpaceX bought during bitcoin’s 2021 bull run when prices were already elevated.

When crypto markets collapsed in 2022, SpaceX sold approximately 70% of its holdings, reducing from 28,000 BTC to around 8,285 BTC. The timing coincided with major market shocks including Terra-Luna’s collapse and FTX’s bankruptcy.

SpaceX’s recent consolidation move, transferring 1,308 BTC worth $153 million after three years of inactivity, suggests the company is actively managing its remaining holdings rather than simply holding passively2.

This pattern shows how corporate treasurers approach bitcoin differently than retail investors, making large strategic moves based on broader market conditions rather than daily price movements.

2️⃣ Government revenue streams enable risk-taking in volatile assets

SpaceX’s ability to maintain substantial bitcoin holdings reflects the stability provided by its government contract revenue base.

The company has consistently received over $1 billion annually in government contracts since 2016, providing predictable cash flows that can offset cryptocurrency volatility2.

This government revenue foundation allows SpaceX to treat bitcoin as a treasury diversification play rather than a core operational necessity. The company can weather bitcoin’s price swings because its primary business operations are funded through stable, long-term government contracts.

The contrast is telling: while SpaceX reduced its bitcoin position by 70% during 2022’s crypto winter, it maintained its core aerospace operations without disruption, demonstrating how diversified revenue streams enable strategic risk-taking in emerging asset classes.

Recent SpaceX developments

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