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SpaceX is now a Bitcoin Trojan horse: what its 18,712 BTC means for crypto

SpaceX is now a Bitcoin Trojan horse: what its 18,712 BTC means for crypto

SpaceX Bitcoin holdings put 18,712 BTC inside a $1.75T public company. The Trojan-horse thesis, the math against it, and the IPO drain.

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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