Overview

• SpaceX’s unaltered stash of 8,285 bitcoins climbed to about $1.02 billion in value and Tesla’s 11,509 coins reached around $1.42 billion after Bitcoin briefly traded above $124,300 and settled near $123,117.
• Both companies have held their mid-2022 reduced positions without new acquisitions or sales, reflecting a long-term treasury strategy.
• On July 22, blockchain analytics firm Arkham Intelligence logged a transfer of 1,308 BTC into a SegWit wallet by SpaceX, marking its first on-chain activity in over two years.
• Roughly $1 billion flowed into U.S. spot Bitcoin ETFs over the past five days, and investors have priced in an expected Federal Reserve rate cut following surprisingly cool CPI data.
• Arkham Intelligence’s address attribution underscores growing on-chain transparency while highlighting that transfers may represent internal treasury operations and that gains remain unrealized until coins are sold.