SpaceX Bitcoin holdings top $1B as price hits record high

Elon Musk’s aerospace company SpaceX has surpassed $1 billion in Bitcoin (BTC) holdings as BTC hit a new record high on Aug. 13, according to The Block, citing data from Arkham Intelligence. The company currently holds 8,285 BTC, valued at about $1.02 billion. Tesla, meanwhile, holds 11,509 BTC worth roughly $1.42 billion.