SpaceX is currently holding 8,285 BTC, valued at approximately $603 million, in custody with Coinbase Prime, according to data from Arkham Intelligence and reporting from The Information. This cryptocurrency investment comes at a time when the company has reported a significant financial loss of nearly $5 billion for the year 2025, a stark contrast to the previous year when SpaceX accrued roughly $8 billion in profit on revenues estimated between $15 billion and $16 billion.
For 2025, the company experienced revenue growth, reaching $18.5 billion; however, this was offset by the integration of xAI, Elon Musk’s artificial intelligence initiative acquired earlier in the year. The operational costs associated with this acquisition have increased, leading to financial strain despite the apparent growth in revenue.
Interestingly, SpaceX’s bitcoin holdings have remained unchanged amidst these losses. A review of transfer activity indicates the most significant movement of bitcoin occurred approximately four months ago, involving an internal rebalance of 614 BTC and 1,021 BTC between the company’s wallets. Since mid-2024, the overall balance has been stable, even peaking at over $1.6 billion in value during the ideal market conditions of October 2025.
The decision to hold onto these bitcoin assets, rather than liquidating them to bolster the balance sheet, reflects a strategic viewpoint held by Musk and the company’s management regarding the cryptocurrency’s potential as a treasury asset. SpaceX’s holdings of bitcoin now represent the fourth-largest known corporate position in the digital currency, trailing behind Strategy, Marathon Digital, and Riot Platforms.
Furthermore, it was reported last month that SpaceX has officially filed for an initial public offering (IPO), which would bring its bitcoin holdings into the public eye for the first time. This action could invoke a requirement for fair-value accounting under new Financial Accounting Standards Board (FASB) rules that came into effect in late 2025, potentially affecting how the company’s financial activities regarding cryptocurrencies are reported moving forward.
