In a significant development, SpaceX has revealed in its recent IPO filing that it holds more than $1 billion in Bitcoin. As of March 31, the company had 18,712 BTC on its balance sheet, valued at a fair market price of approximately $1.29 billion. With current market conditions, this holding could be worth around $1.45 billion. The total acquisition cost for the Bitcoin was reported to be $661 million, suggesting an average purchase price of about $35,324 per BTC.
The filing indicates that SpaceX maintains ownership and control over its digital assets, specifically Bitcoin, and employs third-party custodians for storage. This confirmation has amplified interest surrounding the company’s cryptocurrency assets, with on-chain data frequently showing transfer activity.
Elon Musk’s other major venture, Tesla, has drawn parallels in its Bitcoin strategy, holding a notable 11,509 BTC with an estimated value exceeding $895 billion, according to similar on-chain insights. However, unlike SpaceX, Tesla’s quarterly reports typically do not make direct references to its Bitcoin investments. Musk has previously described Bitcoin as being founded on energy, labeling it a “fundamental” currency.
This disclosure arrives as SpaceX is poised to launch its highly anticipated IPO, which is projected to be the largest in market history. The company is expected to list on the Nasdaq under the symbol SPCX, aiming to raise around $75 billion and achieve a valuation near $1.75 trillion. This ambitious plan would set the stage for what could be the most monumental stock-market flotation ever.
As of now, Bitcoin is trading at approximately $77,963.82, registering a 6.02% increase over the past 24 hours, highlighting the ongoing volatility and interest in the cryptocurrency market.
