On Wednesday, August 14, 2025, SpaceX, the privately owned aerospace company owned by Elon Musk, crossed the $1 billion mark in its bitcoin holdings, as bitcoin reached a new all-time high.
Arkham Intelligence, a blockchain analytics firm, reported that SpaceX already has 8,285 BTC, which is worth approximately $1.02 billion. 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. SpaceX sold around 70% of its bitcoin in mid-2022, after major market shocks like the Terra-Luna collapse in May and the FTX bankruptcy in November. 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.
Paul Howard, senior director at crypto market maker Wincent, said stable inflation increases the likelihood of a rate adjustment, boosting bitcoin and ethereum, the second-largest cryptocurrency.
Bitcoin is a digital currency that allows secure online payments without banks. SpaceX, known for launching rockets and satellites, now joins Tesla in holding substantial amounts of this popular cryptocurrency.