SpaceX Invests $1 Billion in Bitcoin: A Growing Trend in Institutional Adoption

SpaceX has made a significant move in the cryptocurrency market, holding over $1 billion worth of Bitcoin. This acquisition comes amidst a surge in the digital currency’s price and follows closely in the footsteps of Tesla, which also holds Bitcoin within its treasury. 8,285 bitcoins were acquired by SpaceX, according to Arkham Intelligence, highlighting their strategic investment approach despite the lack of official comment from Elon Musk. This significant Bitcoin holding from a tech giant signifies growing institutional interest and market presence for digital currencies.