SpaceX and Tesla Hold $500M in Bitcoin

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Sep 11, 2024 11:10

Reviewed by: Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

SpaceX launched its Polaris Dawn mission, marking the world’s first private spacewalk attempt. The four-person civilian crew embarked on a daring mission at 5:23 a.m. ET, making waves in both aerospace and crypto circles. Blockchain analytics platform Arkham Intelligence revealed that SpaceX holds nearly $500 million worth of Bitcoin, reflecting Elon Musk’s bullish stance on crypto. Musk had previously confirmed that SpaceX, alongside Tesla, owns Bitcoin, but the scale of the investment was uncovered in March 2024 by Arkham.