SpaceX reveals $1.45B Bitcoin holdings in IPO filing
SpaceX’s IPO filing shows 18,712 Bitcoin worth $1.45 billion as of Dec. 31, bought for $661 million and held with third-party custodians.
SpaceX disclosed in its IPO filing that it holds 18,712 Bitcoin valued at $1.45 billion as of Dec. 31, 2024. The filing lists an acquisition cost of $661 million and notes the tokens are held with third-party custodians.
The company added Bitcoin to its balance sheet in 2021 and at one point held 25,724 BTC. The current balance is smaller than that initial position. The filing does not provide timing or mechanics of any sales or transfers beyond the year-end holdings and the acquisition cost shown on the balance sheet.
SpaceX recorded a $112 million unrealized loss on its Bitcoin holdings in the most recent reporting year, after recording a $955 million unrealized gain in 2024. The filing says the Bitcoin position was unchanged from the firm’s balance at the end of 2024.
On-chain activity last year led researchers to identify roughly $143 million of Bitcoin consolidated in a single wallet and to estimate the company controlled about 8,285 BTC. The IPO filing indicates the firm’s holding is larger than those on-chain estimates and confirms custody with third parties rather than company-controlled wallets.
The disclosed position places SpaceX among the top 10 corporate holders of Bitcoin. Tesla shows 11,509 Bitcoin on its balance sheet for comparison.
Elon Musk described Bitcoin as “a good thing” in 2021. That year, Tesla briefly accepted Bitcoin for vehicle purchases before reversing the policy and citing concerns about the cryptocurrency’s environmental footprint. The SpaceX filing does not mention Dogecoin.
The filing lists acquisition cost, year-end valuation and recent unrealized gains and losses as SpaceX moves toward a potential public offering.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
