SpaceX’s debut as a top Bitcoin holder boosts BTC price by nearly 5% in a week, pushing it back above $64K.
SpaceX’s IPO has propelled Bitcoin (BTC-USD) back to $64K, up from a recent low near $59K. The company’s addition of 18.7K BTC to its treasury positions it among the largest corporate holders, fueling market optimism.
Bitcoin had struggled to regain momentum after dipping below $60K earlier this month. The 5% weekly gain follows SpaceX’s move, contrasting with prior consolidation around $59K.
The rally reflects renewed investor confidence, with BTC trading near key resistance levels as corporate adoption accelerates.