SpaceX Holds $1.45 Billion in Bitcoin as of IPO Filing
- SpaceX holds Bitcoin worth $1.45 billion, with a total of 18,712 Bitcoin as of December 31.
- The company initially purchased these Bitcoins for $661 million in the year they added it to their balance sheet.
- In the previous year, SpaceX recorded an unrealized loss of $112 million but gained $955 million on paper in the following year.
- Elon Musk’s firm is among the top ten largest corporate holders of Bitcoin and uses third-party custodians for storage.
- On-chain movements suggested SpaceX consolidated about $143 million worth of Bitcoin into a single wallet last year.
SpaceX’s official IPO filing highlights its significant investment in Bitcoin, reflecting Elon Musk’s ongoing interest in digital assets despite market fluctuations and environmental concerns previously raised by him regarding cryptocurrency mining impacts.
The filing confirms that SpaceX remains a major player in corporate Bitcoin holdings, maintaining substantial investments despite trimming some of its original stockpile over time.(Source)
