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International Business Times
International Business Times
Business
Marvie Basilan

Elon Musk's SpaceX HODLs Through 2 Years Of Bitcoin's Rollercoaster Ride

Elon Musk SpaceX Bitcoin Arkham Crypto Arkham Intelligence Tesla Inc.
Elon Musk's SpaceX has been HODLing over 8,000 Bitcoin even through the FTX collapse and crypto market crashes in the past two years. (Credit: AFP)

KEY POINTS

  • SpaceX has been holding on to over 8,000 BTC since June 2022, Arkham data showed
  • The company didn't sell even during the crypto winter triggered by FTX's collapse
  • It also held on to its Bitcoin stash during last month's massive crypto market crash

Elon Musk recently acknowledged that there is "some merit" in Bitcoin, the world's top digital asset by market value, and it appears he has reaffirmed his belief through some of his companies, specifically SpaceX and Tesla, as both firms have been found to hold bitcoins for more than two years.

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