Elon Musk’s SpaceX holds $1.45 billion worth of bitcoin as firm looks to go public

The Block6h agoUpdated 5h ago
Elon Musk’s SpaceX holds $1.45 billion worth of bitcoin as firm looks to go public
Smart Read

SpaceX holds approximately $1.45 billion in Bitcoin, making it the seventh-largest BTC holder globally, surpassing Coinbase. The aerospace firm's substantial crypto reserves underscore growing institutional adoption ahead of its anticipated IPO. While no India-specific angle exists, the development signals mainstream corporate acceptance of Bitcoin as corporate treasury assets, potentially influencing Indian corporate sentiment toward crypto holdings.

Coins in this story

BTC
₹80,403.50
+1.14%

Related stories

Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs
CoinDesk5h ago60-word brief

Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs

The "combinatorial outcome contracts" would resolve if every part of an underlying contract resolved, according to a filing....

Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook
CoinDesk5h ago60-word brief

Bitcoin miners tied to AI rise as Nvidia posts big earnings beat and strong outlook

Nvidia's stronger-than-expected results and bullish AI outlook lifted crypto mining stocks tied to data center and high-performance computing demand, even as the chipmaker's shares fell due to growth concerns....

Federal Reserve proposes limited master accounts long pursued by crypto firms
CoinDesk6h ago60-word brief

Federal Reserve proposes limited master accounts long pursued by crypto firms

The Federal Reserve proposed limited master accounts for crypto firms, allowing faster payment clearing without full banking privileges. These "skinny accounts" lack intraday credit and discount window access. Kraken already obtained such access in March. The proposal opens a 60-day comment period as Trump's executive order pushes the Fed to standardize payment account rules across regional banks.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.