SpaceX's billion-dollar Bitcoin reserve regains notice as BTC sets new records, nearing $125,000.
In August 2025, Bitcoin experienced a meteoric rise, breaking the $124,000 barrier. This significant increase is attributed to strong institutional adoption, macroeconomic tailwinds, and increased regulatory clarity.
Key drivers of Bitcoin's surge include large inflows into Bitcoin ETFs such as BlackRock’s IBIT ETF, which attracted nearly $55 billion. The dominance of U.S. miners, capturing over 31% of the global hash rate, is another factor. Diversification strategies involving AI/data centers have also played a role in stabilising the cryptocurrency's volatility, thanks to enhanced liquidity and derivative instruments.
The capped supply of 21 million Bitcoins and high on-chain profitability levels (92% holders in profit) underpin bullish price targets reaching $180,000 by year-end from major firms like VanEck.
Despite recent corrections around $115,000 due to macroeconomic uncertainties, the broader market sentiment remains bullish. This is supported by ETF inflows and institutional buying, suggesting robust demand even amid volatility. Analyst price forecasts range between $115,000 and $150,000+ in the near term, reflecting strong confidence in Bitcoin’s continued ascension.
Companies like Tesla and SpaceX, known for holding significant Bitcoin reserves, greatly benefit from this surge. The increased worth of their Bitcoin holdings enhances their financial strength and asset diversification. Tesla's prior Bitcoin purchases have historically impacted its stock performance positively during Bitcoin rallies, while SpaceX's holdings similarly gain value. These companies demonstrate confidence in the asset class amid broader institutional participation, reinforcing Bitcoin's legitimacy and integration into corporate treasury strategies.
SpaceX, for instance, held 28,000 Bitcoins in mid-2022, valued at $1.8 billion. After reducing its Bitcoin holdings by about 70%, it currently holds 8,285 Bitcoins, worth approximately $1.02 billion. The value of SpaceX's Bitcoin holdings has remained static since mid-2022.
Other firms such as MicroStrategy, GameStop, and new entrant ETHZilla are also adding Bitcoin and Ethereum to their treasuries. ETHZilla, for example, holds $350 million worth of Ethereum and 240 million worth of cash, which has elevated its stock by 432 percent in a week.
The unexpectedly low Consumer Price Index (CPI) data has strengthened expectations for a September Federal Reserve rate cut, which is considered a bullish signal for risk assets like Bitcoin and Ethereum. The U.S. CPI data for July came in cooler than expected, holding steady at 2.7% year-over-year instead of the forecasted 2.8%.
Other cryptocurrencies have also seen growth. Ethereum, for instance, increased by 8.18 percent to be at $4,693 dollars. Solana SOL rallied 12 percent to 201.
The reduction in Bitcoin holdings by companies like SpaceX was due to market shocks, the Terra-Luna collapse, the implosion of FTX, and a broader crypto liquidity crunch. Despite this, the outlook for Bitcoin remains positive, with its market capitalization reaching $2.452 trillion, overtaking Google's market capitalization. Bitcoin's recent price surge has restored SpaceX's Bitcoin stash to the 10-figure club.
[1] Bitcoin's Meteoric Rise: Institutional Adoption, Regulatory Clarity Boost Crypto's Value
[2] Bitcoin's Bull Run: ETF Inflows, Miner Dominance Drive Cryptocurrency's Surge
[3] Bitcoin Price Targets Reach $180,000 by Year-End: VanEck
[4] Bitcoin Volatility Subdued Despite Macro Headwinds: Analysts
[5] Bitcoin's Price Forecasts Range Between $115,000 and $150,000+: Analysts
[6] Bitcoin's Surge Benefits Corporate Giants: Tesla, SpaceX, and Others The increased value of Bitcoin due to its meteoric rise positively impacts corporations such as Tesla and SpaceX, which own substantial Bitcoin holdings.
[7] ETHZilla Joins the Fray: Diversifies with Bitcoin and Ethereum Companies like ETHZilla have added Bitcoin and Ethereum to their treasuries, potentially boosting their stocks' value, with ETHZilla holding over $350 million worth of Ethereum.
[8] Both Bitcoin and Ethereum See Growth Amid Federal Reserve Rate Cut Expectations The unexpectedly low Consumer Price Index (CPI) data has strengthened expectations for a September Federal Reserve rate cut, considered a bullish signal for risk assets like Bitcoin and Ethereum, with both cryptocurrencies experiencing growth during this time.
