SpaceX’s S-1 filing reveals 18,712 BTC on its balance sheet, doubling prior estimates and ranking it seventh among public corporate holders.
SpaceX disclosed 18,712 Bitcoins, valued at approximately $1.5 billion, in its S-1 filing for its upcoming IPO. The holdings, accumulated since early 2021, place the company among the top public corporate Bitcoin holders, despite no operational need for the asset.
Public companies collectively hold about 1.3 million BTC, with SpaceX’s position more than doubling previous estimates. The company’s decision to retain Bitcoin through significant price swings underscores its long-term view on the cryptocurrency as a reserve asset.
SpaceX’s IPO targets a valuation exceeding $1.8 trillion, suggesting the Bitcoin holdings are not critical to its financial stability but reflect broader institutional interest in the asset.