SpaceX's BTC Holdings exceed 1 billion dollars, and the Treasury's statement of not increasing holdings has caused market fluctuations.

The latest on-chain data shows that SpaceX currently holds 8,285 BTC, worth over $1 billion at current market prices. According to Arkham Intelligence tracking, these BTC were primarily accumulated gradually between December 2020 and June 2022.

It is worth noting that the company transferred 1,308 BTC to a new address three weeks ago. Although some speculate that this may be related to yesterday's decline, analysts believe that this is more of an internal wallet reorganization rather than a reduction in holdings.

In addition, on the same day the news broke, U.S. Treasury Secretary Scott Bensen stated that the government would not increase its holdings of Bitcoin as a strategic reserve.

This statement from Besant immediately triggered a market reaction, with the price of Bitcoin retreating from its historical high of $124,000 to below $118,000, experiencing a single-day volatility of over 5% at one point.

This pullback has also led to a significant reduction in the total valuation of holdings across major enterprises, and the value of SpaceX's Bitcoin holdings has also fluctuated accordingly.

Looking back at historical holdings, SpaceX held as much as 28,000 BTC in April 2021, but significantly reduced its holdings during the market turmoil in 2022.

This contrasts with Tesla's actions, which currently still holds 11,509 BTC worth approximately $1.4 billion. The two companies under Musk together hold a total of $2.4 billion, becoming an important representative in the corporate holdings camp.

Market analysis indicates that the Treasury's statement, while suppressing price trends in the short term, has also eliminated the potential risk of government sell-offs.

The future market direction may still depend on the macroeconomic situation, institutional capital flows, and the influence of large holders' holdings, such as those of SpaceX.

In summary, under the current environment, even slight changes in corporate holdings strategies may trigger a chain reaction in the market. Investors need to closely monitor relevant dynamics, and leveraged users must be prepared for risk hedging.

#BTC # SpaceX #Strategic Reserves