SpaceX Holds $603 Million in Bitcoin Amid Significant Losses
- SpaceX currently holds 8,285 BTC valued at approximately $603 million.
- The company reported a loss of nearly $5 billion for the year, contrasting with an $8 billion profit the previous year.
- Revenue increased to $18.5 billion in the same period, primarily due to costs associated with integrating xAI.
- SpaceX’s bitcoin holdings have remained stable since mid-2024 after peaking at over $1.6 billion during October’s all-time high.
- The company is now the fourth-largest known corporate holder of bitcoin behind Strategy, Marathon Digital, and Riot Platforms.
Despite posting significant losses, SpaceX has not liquidated its bitcoin assets, indicating a strategic view of bitcoin as a treasury asset. The company’s upcoming IPO will publicly disclose its bitcoin position for the first time under new accounting rules.
With a reported loss of nearly $5 billion and stable holdings of $603 million in bitcoin, SpaceX’s financial strategy reflects confidence in cryptocurrency as part of its balance sheet.(Source)
