U.Today – Blockchain analytics platform Arkham Intelligence recently highlighted an intriguing perspective on Elon Musk-owned SpaceX. This comes as the aerospace technology giant celebrates a major milestone, the launch of four astronauts to attempt the world’s first private spacewalk.
SpaceX's latest mission, a daring and risky journey through Earth's Van Allen radiation belts by a four-person civilian crew to conduct the first commercial spacewalk, launched today. The mission, dubbed Polaris Dawn, launched at 5:23 a.m. ET.
While SpaceX is primarily known for its ambitious space missions and cutting-edge technology, the company is also bullish on the fact that Ethereum, the largest cryptocurrency by market cap, holds significant BTC holdings.
According to Arkham Intelligence, SpaceX's Bitcoin holdings are worth nearly $500 million, indicating its bullish stance on the leading cryptocurrency.
“But did you know that SpaceX isn't just bullish on space? They're also bullish on BTC, with nearly $500M in investments,” Arkham Intelligence said in its tweet.
SpaceX Bitcoin Holdings
Billionaire Elon Musk previously stated that SpaceX owned some bitcoins. In 2021, at the online conference “The B Word”, Elon Musk said that his aerospace technology company, SpaceX, had invested in bitcoins.
“I own Bitcoin, Tesla (NASDAQ:) owns Bitcoin, SpaceX owns Bitcoin,” Musk said, adding that he also owns and. Musk did not disclose how much he or his companies have invested, but did say that he owns substantially more Bitcoin than Dogecoin or Ethereum.
However, the size of the spacecraft manufacturer's BTC investment remained unknown until Arkham Intelligence published its discovery in March 2024.
While Musk-owned companies do have significant Bitcoin holdings, the actual amount remains an open question.
This article was originally published on U.Today
