SpaceX's Bitcoin Portfolio Estimated at a Whopping $500 Million

IconCryptoNewsTerminal Staff10 Sep, 2024

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SpaceX's Bitcoin Portfolio Estimated at a Whopping $500 Million

SpaceX, known for its advancements in space exploration, has also ventured into the realm of cryptocurrency. According to blockchain data analytics firm Arkham Intelligence, an Ethereum address linked to the company holds a staggering 8,285 Bitcoins, valued at approximately $473 million at current market prices. This revelation sheds light on SpaceX's bullish stance on not only space but also on the potential of the decentralized digital currency. The news underscores the growing adoption of Bitcoin and other cryptocurrencies by major corporations, marking a significant milestone in the mainstream acceptance of blockchain technology and its applications in the financial landscape.