CoinDesk Podcast Network The Bitcoin Play in Musk's $1T SpaceX-xAI Merger | CoinDesk Daily
Feb 3, 2026
A major tech merger uncovers an 8,300 BTC treasury and raises questions about the future of that stash. A major investment firm quietly snapped up crypto-linked stocks during a Bitcoin dip. Washington talks about stablecoin yield policy but walks away without a clear agreement.
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SpaceX Bitcoin Treasury Goes Public
- Elon Musk's SpaceX-xAI merger brings SpaceX's large Bitcoin holdings into public view as the combined company prepares to list.
- The move removes the privacy shield that previously hid roughly 8,300 BTC, revealing long-term conviction in crypto to future investors.
Untouched Bitcoin Signals Long-Term Conviction
- SpaceX held about 8,300 Bitcoin, roughly $650 million, while keeping it private to avoid earnings volatility like Tesla experienced.
- That untouched stash signals management's long-term conviction in Bitcoin ahead of a massive public listing.
Buy The Dip On Crypto Infrastructure
- ARK Invest bought $72 million in crypto-linked stocks during a Bitcoin dip, demonstrating a buy-the-dip strategy.
- Cathy Wood suggests buying infrastructure weakness now as preparation for the next adoption cycle.