SpaceX reveals significant Bitcoin holdings ahead of IPO
- SpaceX reported holding 18,712 Bitcoin valued at $1.45 billion in its S-1 filing.
- The average purchase price for its Bitcoin was approximately $35,320 per coin.
- This makes SpaceX the seventh-largest holder of Bitcoin among public companies, surpassing Tesla’s holdings of 11,509 Bitcoin.
- Previous estimates from blockchain analytics firms suggested SpaceX held only 8,285 Bitcoin.
- SpaceX aims to raise around $75 billion with an estimated valuation between $1.75 trillion and $2 trillion during its IPO.
The substantial increase in reported Bitcoin holdings positions SpaceX as a major player in the cryptocurrency space and highlights its strategy to attract investors interested in both aerospace and digital assets.
With over 18,712 Bitcoin, SpaceX’s holdings significantly exceed earlier estimates, reflecting its aggressive accumulation strategy since early last year.
