Elon Musk's company SpaceX now holds more than $1 billion in Bitcoin, as the crypto reaches new all-time highs.
Blockchain analysis company Arkham Intelligence has reported the aerospace company currently holds 8,285 BTC, valued at approximately $1.02 billion.
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This is not the first time SpaceX has reached $1 billion in Bitcoin. Historical data reveals that the company's holdings peaked at $1.8 billion in April 2021, when it owned around 28,000 BTC.
However, SpaceX sold approximately 70% of its position during the 2022 crypto winter, triggered by the collapses of Terra-Luna and FTX.