SpaceX’s Bitcoin Strategy: From $1.8B Peak to $1B Rebound
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Blockchain analysis reveals SpaceX’s evolving Bitcoin strategy as its holdings cross the $1 billion threshold again. The company’s current 8,285 BTC position represents a strategic hold after significant divestment during crypto’s turbulent 2022.
Arkham Intelligence data paints a telling timeline:
- Early 2021: Accumulated 28,000 BTC ($1.8B value)
- Mid-2022: Sold ~70% during market crises
- Present: Maintains 8,285 BTC ($1.02B)
The 2022 reduction mirrored Tesla’s moves, suggesting Musk enterprises implemented coordinated crypto risk protocols following the Terra-Luna and FTX collapses. Notably, neither company has added to positions since the selloff, despite Bitcoin’s recovery.
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