As an analyst with over two decades of experience in the tech and finance industries, I find it fascinating to observe the convergence of traditional aerospace giants like SpaceX with the burgeoning crypto market. The news that SpaceX, helmed by the enigmatic Elon Musk, owns close to half a billion dollars’ worth of Bitcoin is not just intriguing but also strategically sound.
Recently, the blockchain analysis platform Arkham Intelligence offered an interesting point of view regarding SpaceX, the aerospace technology company owned by Elon Musk. This observation comes on the heels of SpaceX achieving a significant accomplishment – launching four astronauts to attempt the world’s initial private spacewalk.
Today marked the commencement of SpaceX’s thrilling new journey, where a brave team of four civilians embarked on an audacious and potentially perilous venture into Earth’s Van Allen radiation belts for the inaugural commercial spacewalk. Known as Polaris Dawn, the mission blasted off at 5:23 a.m., Eastern Time.
Apart from being famous for its daring space expeditions and innovative tech, SpaceX also shows strong interest in Bitcoin, the leading cryptocurrency by market value, as they have a significant amount of Bitcoin in their assets.
Today: SpaceX sent four astronauts into space to attempt the first private spacewalk.
Did you realize that SpaceX isn’t just enthusiastic about space exploration?
They’re also enthusiastic about Bitcoin, with nearly half a billion dollars worth in investments.
— Arkham (@ArkhamIntel) September 10, 2024
As per Arkham Intelligence’s reports, it appears that SpaceX has approximately half a billion dollars invested in Bitcoin, signifying their optimistic view towards the top digital currency.
Did you realize that SpaceX isn’t only optimistic about space travel, they are also optimistic about Bitcoin, as they reportedly have nearly half a billion dollars invested in it?” according to Arkham Intelligence on their latest tweet.
SpaceX’s Bitcoin holdings
Previously, it was mentioned that billionaire Elon Musk’s company, SpaceX, held some Bitcoin. At the “The B Word” online conference in 2021, Elon Musk himself confirmed this investment by SpaceX in Bitcoin.
“Musk confirmed that he possesses Bitcoin, Tesla holds Bitcoin as well, and SpaceX does too. He also mentioned owning Ethereum and Dogecoin. However, Musk didn’t disclose the specific amounts invested in these cryptocurrencies. What he did share is that his holdings of Bitcoin are significantly greater than those of Dogecoin or Ethereum.
It wasn’t until Arkham Intelligence revealed their findings in March 2024 that the extent of the spacecraft manufacturer’s Bitcoin investments became public knowledge.
The exact quantity of Bitcoin held by companies owned by Elon Musk is still uncertain, as the figures are not publicly disclosed.
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2024-09-10 19:28