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Showing posts with the label btc surge

SpaceX Bitcoin Holdings Reach $1B Amid BTC Surge

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SpaceX Bitcoin holdings have actually crossed the $1 billion mark right now, and this milestone comes as Bitcoin surges to a new all-time high of $124,457. The achievement shows just how successful SpaceX Bitcoin holdings strategy has been over time. The company’s 8,285 BTC is now valued at over $1.02 billion at the time of writing, which represents over 300% growth from when SpaceX first started buying Bitcoin at an average price of around $32,000 per coin. SpaceX portfolio dashboard showing $1,023,824,928.63 total value with 8.285K BTC holdings – Source: Arkham SpaceX’s $1B Bitcoin Portfolio: A Strategic Move in Crypto Investment Source: digivestasi.com Data from Arkham Intelligence actually reveals that SpaceX built up its Bitcoin holdings between December 31, 2020, and June 10, 2022. SpaceX has left the BTC portfolio untouched since then, and the company’s diamond hands approach is really paying off right now. Bitcoin’s rally from around $30,000 to its ...

Spot Bitcoin ETFs Hit $365M In Inflows As BTC Surges Above $65K For First Time In Two Months

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Spot Bitcoin ETFs (exchange-traded funds) recorded over $365 million in inflows yesterday as BTC surges above $65K today for the first time in two months. The $365.7 million in net inflows into spot Bitcoin ETFs on Sept. 26 was the highest since July 22, when the ETFs raked in $486 million, according to data from Farside Investors. That helped BTC pump more than 2% in the past 24 hours to trade at $65,479.99 as of 3:35 a.m. EST. There have now been six consecutive days of inflows. ARKB Leads US Spot Bitcoin ETFs In Inflows Ark Invest and 21Shares’ ARKB registered the highest inflows yesterday, with $113.8 million entering its reserves. In second place was BlackRock’s IBIT with $93.4 million in net inflows. All of the funds, except for BTCW and Grayscale’s GBTC, recorded inflows. BTCW posted zero flows, while GBTC resumed its outflow trend after two consecutive days of no inflows. Despite not recording the largest inflows yesterday, IBIT maintains a...