At its peak, SpaceX had about 28,000 bitcoins, which on the time have been price about $1.8 billion. Presently, that quantity is 8,285 BTC, which is equal to roughly $574 million. The corporate misplaced almost 70% of its authentic holdings in two years, coinciding with one of many worst slumps in cryptocurrency.
The Treasury has been quietly minimize
In August 2023, a Wall Road Journal report based mostly on reviewed monetary paperwork acknowledged that SpaceX had recorded $373 million in bitcoin worth over 2021 and 2022 and bought its cryptocurrency holdings, though the dimensions of the sale was not disclosed.
This disclosure triggered the worth of Bitcoin to briefly fall under $25,000 and resulted in over $386 million in futures being liquidated. As a non-public firm, SpaceX didn’t need to publicly clarify the sale. In keeping with the report, that interval intently tracked with the collapse of main cryptocurrency firms, together with Terraform Labs and FTX.
Bitcoin firm launches satellite tv for pc
SpaceX simply launched 29 Starlink satellites and holds 8,285 BTC ($573.8 million).
With as much as 10,000 satellites in orbit and a possible $1.75 trillion IPO, one of many world’s largest firms is including Bitcoin to its stability sheet. Learn extra under. pic.twitter.com/oUxtDoimee
— Arkham (@arkham) March 21, 2026
That decreased stack is now within the highlight. SpaceX is getting ready for the biggest preliminary public providing (IPO) in historical past. The itemizing may increase as much as $50 billion and worth the corporate to about $1.75 trillion, Bloomberg reported in late February. For context, Saudi Aramco’s 2026 debut raised $29 billion. The SpaceX itemizing will seemingly surpass that determine.
What IPOs are altering
Valued at $1.75 trillion, the $574 million in Bitcoin on SpaceX’s books is a drop within the ocean. However the symbolism carries actual weight. Only a few of the world’s largest firms maintain Bitcoin as a stability sheet asset, and an organization the dimensions of SpaceX opening BTC on its books would put this apply in entrance of a brand new class of institutional traders.
On March 19, SpaceX launched 29 Starlink satellites from Cape Canaveral aboard a Falcon 9 rocket, a routine mission for the corporate that has now turn into the world’s busiest launch supplier.
Starlink’s constellation has grown to just about 10,000 satellites in orbit. In keeping with information, the service had 9.2 million energetic customers globally by the tip of 2025, and income is predicted to succeed in $24 billion in 2026, up from $10 billion the earlier 12 months. This progress is the engine driving SpaceX’s valuation case forward of its IPO.
Arkham Intelligence, which tracks on-chain information, ranked SpaceX 18th amongst company Bitcoin holders globally. Technique, previously generally known as MicroStrategy, holds over 761,000 BTC and has set a public purpose of reaching 1 million cash earlier than the tip of 2026.
On the time of publication, Bitcoin was buying and selling at round $70,650.
Featured picture from Unsplash, chart from TradingView
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