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Bitcoin Hits $124.4k: How Much Do SpaceX, Strategy and Big Buyers Hold? | CoinGape
Bitcoin is relentlessly moving towards new milestones, achieving a new ATH of $124.4k today, influencing SpaceX, MicroStrategy (Strategy), and other buyers’ holdings. Notably, the crypto market has been witnessing a significant uptrend these past few days, and not only the retail but also the institutional buyers are jumping on the opportunity. This corporate strategy and rising BTC demand are generating curiosity about how their investment returns have been lately. Let’s discuss.
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SpaceX Bitcoin Holding Hit $1.02B as Price Hits $124.4k
Elon Musk’s SpaceX is among the first few companies to adopt the Bitcoin buying strategy. From their first purchase on December 31, 2020, to their last acquisition on June 10, 2022, the firm has acquired 8,285 BTC, per Arkham Intelligence, worth $1.0B today, as BTC price hits new ATH.
 Source: Arkham Intelligence, SpaceX Bitcoin Holding
Notably, the count was even higher (28,000 BTC), but they reduced nearly 70% of the holding in the 2022 market turmoil, including the FTX crash and Terra-Luna collapse.
Interestingly, Musk’s Tesla firm also holds a significant amount of BTC, totaling 11,509, worth $1.42 billion. Together, these two have $2.4B worth of Bitcoin holdings.
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Top Bitcoin Buyers and Their Holdings
The biggest Bitcoin holder in the world is Satoshi Nakamoto, the figure behind this digital asset. Nakamoto is estimated to hold 1.1M BTC, making him worth more than $133 billion, among the richest men on earth.
SpaceX and Tesla are also among the top Bitcoin holders, but there are more ahead of these. The top 100 public companies hold over 951k BTC, fueling their market demand and valuation. Experts note that MicroStrategy and other institutional buyers have played a significant role in the BTC price rally to a new ATH $124.4K.
Bitcoin Treasury’s report reveals that Strategy is the biggest institutional BTC buyer, carrying 628.946 ($77.2B), with the recent 155 BTC buy just three days ago. MARA Holding and XXI follow with 50,639 and 43,514 holdings. Metaplanet Inc. is sixth with 18,113 BTC, followed by Trump Media and Technology Group with 15,000 tokens. Tesla comes 10th, and there are hundreds more in line amid the new BTC milestone.
 Source: Bitcoin Treasury, Top BTC Buyers List
Interestingly, Bitcoin ($2.45T ) is now the fifth biggest asset in the world, over Google ($2.448T). SpaceX and institutional buyers’ HODL strategy are fueling demand, as is the high September Fed rate cuts following the July U.S. CPI data.
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Frequently Asked Questions (FAQs)
Bitcoin price is up due to retail and institutional demand, whales buying, high September rate cuts, and more.
According to Arkham Intelligence’s report, SpaceX holds 8,285 BTC, worth $1.02 billion.
MicroStrategy (Strategy) has the biggest Bitcoin stash with 628,946 BTC worth $77.2B.
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