SpaceX · Tesla · Elon Musk · Bitcoin · Decrypt
SpaceX’s Bitcoin position was revealed last week when it filed for an IPO
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The firm reportedly moved funds on-chain for the first time in three years last July, according to on-chain labeling data from Arkham Intelligence.
Key facts
- That position would pair with Tesla’s 11,509 BTC worth around $862 million, according to its most recent 10-Q filing
- Bitcoin is down around 1.3% in the last 24 hours, recently changing hands at $75,021
- Musk previously identified himself as a supporter of the top crypto asset by market cap, but disclosed in 2020 that despite his many riches, he only owned around 0.25 BTC, now valued at nearly $19,000
- SpaceX’s Bitcoin position was revealed last week when it filed for an IPO, showcasing holdings of 18,712 BTC worth more than $1.4 billion
Summary
A suggests that Elon Musk aims to combine his firms SpaceX and Tesla as the former's IPO looms. The pair collectively owns more than 30,000 BTC according to new filings, valued at more than $2.2 billion in total. The combined public entity would rank inside the top five of publicly traded Bitcoin treasuries. The combination of SpaceX and Tesla—a reported possibility—could put the world’s richest man, Elon Musk, in direct control of more than 30,221 Bitcoin valued at about $2.27 billion. The move would place the combined firm comfortably inside the top 10 publicly traded Bitcoin treasuries, ranking it #5 according to the most recent filings.