In a remarkable twist for the cryptocurrency market, SpaceX’s Bitcoin holdings have officially soared past the $1 billion mark as Bitcoin experienced a significant surge. However, momentum soon waned following a critical statement from the US Treasury.
Recent insights from Arkham Intelligence indicate that the aerospace innovator possesses a total of 8,285 BTC, presently valued near $1 billion based on current market conditions.
SpaceX’s Strategic Bitcoin Accumulation
Data from blockchain trackers reveals that SpaceX amassed this impressive amount of Bitcoin between late December 2020 and mid-June 2022. During this time, a significant portion of its holdings was briefly transferred to Coinbase Prime.
Notably, a recent transaction involving 1,308 BTC occurred three weeks ago, which analysts interpret as an internal shuffle rather than a liquidation of assets.
As per Arkham Intelligence, SpaceX’s Bitcoin assets have surpassed $1 billion, with 8,285 BTC acquired between December 2020 and June 2022. They have maintained this investment to date. pic.twitter.com/u54i0LUVkz
— Wu Blockchain (@WuBlockchain) August 14, 2025
Treasury’s Influence on Market Dynamics
Reports suggest that comments made by US Treasury Secretary Scott Bessent have had significant repercussions on the crypto landscape. Bessent, who served under former President Donald Trump, indicated that the government will not be pursuing further Bitcoin purchases for its strategic reserves, effectively shaking investor confidence.
Consequently, Bitcoin saw a decline from its peak near $124,000, dipping below $119,000 shortly after the announcement, impacting market sentiment and the overall valuation of cryptocurrencies.
BREAKING: Treasury Secretary Bessent confirms the US Government “will not purchase” Bitcoin. pic.twitter.com/vL79P531CP
— Watcher.Guru (@WatcherGuru) August 14, 2025
Understanding Market Context and Historical Adjustments
Initially, SpaceX’s Bitcoin portfolio peaked at approximately 28,000 BTC in April 2021. However, various market pressures led the company to reduce its holdings significantly throughout 2022.
Notable events, such as the failures of Terra-Luna and FTX, catalyzed a reevaluation of exposure to cryptocurrencies, causing several firms, including SpaceX, to pivot their strategies. These cautious moves clarify the decrease in SpaceX’s BTC holdings compared to their prior positions.
Tesla’s Involvement and Combined Bitcoin Valuations
In a related matter, Tesla reportedly holds 11,509 BTC, valued at approximately $1.4 billion in the current market. Together, these two enterprises owned by Elon Musk command close to $2.42 billion in Bitcoin assets, a valuation that fluctuates with market dynamics.
Analysts speculate that the Treasury’s intention to utilize confiscated cryptocurrencies for government reserves, as opposed to buying new BTC, may alleviate immediate selling pressure in the market. However, future price movements will inevitably be influenced by various factors including macroeconomic trends, on-chain movements, and public commentary from influential stakeholders.
Currently, SpaceX’s preserved 8,285 BTC sits at an estimated worth of about $1.02 billion, although this figure is subject to rapid changes following any significant market announcements.
Image sourced from Unsplash; chart from TradingView
