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On October 21, 2025, SpaceX, Elon Musk's space technology company, executed its first Bitcoin transfer in three months, moving 2,495 BTC worth $268.5 million to two unmarked addresses, as reported by Arkham Intelligence. The transfer, split into two tranches of 1,298 and 1,197 BTC, followed small test transactions from Coinbase Prime. Despite SpaceX liquidating nearly 70% of its Bitcoin holdings during the 2022 Terra-Luna and FTX crises, it currently holds 8,285 BTC, valued at approximately $1.1 billion. This latest transfer did not trigger market panic, unlike previous large movements. Elon Musk has recently voiced strong support for Bitcoin, highlighting its value as a currency backed by energy rather than "fake" fiat money printed by governments. He also confirmed that a potential new political party he discussed would embrace Bitcoin. Meanwhile, Bitcoin reached an all-time high of $126,198.07 on October 7 but faced pressure from U.S.-China trade tensions, trading at $108,575.63 at the time of reporting. This story, originally published by TheStreet, underscores SpaceX's significant role in the crypto space and Musk's ongoing influence on Bitcoin's public perception.
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Tesla Chair Robyn Denholm has issued a urgent plea to shareholders to approve CEO Elon Musk’s unprecedented compensation package, potentially worth $1 trillion, warning that his departure could jeopardize Tesla’s future. In a letter to shareholders, Denholm emphasized Musk’s indispensable role in driving Tesla’s success across automotive, robotics, and autonomous driving sectors, arguing that without an equitable pay-for-performance plan, Tesla risks losing his leadership and significant value. The package, linked to ambitious targets like a $8.5 trillion market cap, faces opposition from proxy advisers Glass Lewis and ISS, who deem it excessive. Musk, embroiled in a legal battle over his 2018 pay package, has criticized these advisers harshly. Despite concerns over Musk’s political engagements harming Tesla’s brand, analysts like Dan Ives predict shareholder approval at the November 5 meeting, viewing it as crucial during a critical phase for Tesla. Denholm insists Musk alone can lead Tesla to new heights in growth and societal impact.
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OKX, a leading cryptocurrency exchange, has listed Virtuals Protocol (VIRTUAL) on its spot platform, allowing trading against Tether (USDT) starting at 8:00 UTC after a pre-open session. This listing coincides with renewed market interest in VIRTUAL, which recently achieved a three-month high and a 90% value increase over the past week, despite a recent 7.8% dip to $1.43. Community sentiment remains strongly bullish, with 87% of traders optimistic and analysts forecasting price targets up to $3.2. The network has also experienced significant growth, with daily active wallets surpassing 10,000 and whale transactions rising 240% week-over-week. This momentum is fueled by ecosystem expansions, including AI agent integrations and the listing of agent tokens on Coinbase, enhancing VIRTUAL's utility. OKX has implemented measures like price restrictions and a $10,000 limit on orders during the initial trading minutes to manage volatility. As Virtuals Protocol regains market attention, its ability to sustain this upward trajectory remains to be seen, but current trends and strategic developments signal a promising revival for the altcoin.
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StoneCo, a Brazilian fintech company, has captured investor attention with a remarkable 139.4% year-to-date stock gain, alongside recent weekly and monthly increases of 3.9% and 3.6%, respectively, despite a 63.4% decline over five years. The article by Simply Wall St highlights a compelling turnaround story fueled by Brazil’s evolving digital payments landscape and regulatory clarity, which, combined with StoneCo’s focus on small business ecosystems, has shifted investor sentiment toward optimism. Valuation analyses underscore the stock’s potential, with an Excess Returns model indicating a 53.2% undervaluation and a Price-to-Sales (P/S) Fair Ratio of 3.08x against a current 2.02x, suggesting a discount to its fundamental value. Financial metrics are strong, with a 23.78% Return on Equity and a projected earnings per share of $11.82. Additionally, the Narratives tool on Simply Wall St allows investors to craft personalized valuation stories, with community fair value estimates for StoneCo ranging from $14.37 to $19.97 per share. While the stock appears undervalued across multiple metrics, the article emphasizes a long-term, data-driven perspective and notes it is not financial advice, encouraging investors to consider their own objectives and the latest company developments.
