SpaceX Holds $1.45 Billion in Bitcoin!

Hold onto your hats, crypto crew! New filings reveal that Elon Musk's SpaceX is sitting on a whopping 18,712 Bitcoin, valued at around $1.45 billion. This makes them a much bigger player in the crypto game than anyone previously thought.

Alright, Jittie fam, get ready for some spicy crypto news! You know how Elon Musk has always been a bit of a wildcard in the crypto space? Well, his aerospace company, SpaceX, just dropped a bombshell in a filing with the U.S.

Securities and Exchange Commission (SEC). SpaceX's Big Bitcoin Stash Revealed! Turns out, SpaceX is holding a massive 18,712 Bitcoin !

At current prices, that's worth an eye-watering $1.45 billion. Yeah, you read that right – billion with a 'B'. While we knew SpaceX had some Bitcoin on its balance sheet, the exact amount was a mystery, and most blockchain sleuths totally underestimated their holdings.

It looks like SpaceX started accumulating its Bitcoin in 2021, right when the crypto market was going absolutely wild. They reportedly snagged their stash for a total cost of $661 million. Talk about a good investment – they're currently sitting on a sweet paper gain!

Once SpaceX goes public (and trust us, that's going to be a HUGE event), they're set to become one of the biggest corporate Bitcoin holders globally. They'll even surpass crypto exchange Coinbase's holdings by over 2,000 Bitcoin ! Musk's Crypto Shenanigans: Tesla, Dogecoin, and More This isn't Elon's first rodeo with corporate crypto.

His other major company, Tesla, also has Bitcoin on its books, currently holding around 11,509 BTC. Remember back in 2021 when Tesla briefly let you buy cars with Bitcoin? They paused that due to environmental concerns, but with the shift towards more sustainable Bitcoin mining , those concerns are fading.

This article is general information only and is not financial advice. Cryptocurrency prices are volatile. You can review the live BTC/USD chart on TradingView before making any decision.

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