Bitcoin Magazine·2d ago·positive

SpaceX IPO Reveals 18,712 BTC Holdings, Making It 8th Largest Corporate Bitcoin Holder

SpaceX went public on the Nasdaq and disclosed 18,712 BTC worth about $1.19 billion, making it the eighth-largest corporate Bitcoin holder — more than double what analysts had estimated.

SpaceX disclosed 18,712 BTC with a cost basis of $661 million (avg. $35,324 per coin), far exceeding analyst estimates of 6,000–8,000 BTC.
The company debuted on Nasdaq under ticker SPCX at $135/share, raising ~$75 billion in one of the largest IPOs in US history.
SpaceX now ranks #8 on the public Bitcoin treasury leaderboard, behind Strive (19,032 BTC) and ahead of Coinbase (16,492 BTC).
The S-1 filing confirmed SpaceX uses third-party custodians and treats Bitcoin as a long-term balance-sheet allocation.
The disclosure comes amid a broader crypto downturn, with Bitcoin down ~50% from its all-time high and ETFs seeing $2.26B in outflows.

marketregulationImpact 8/10

Why our editor rated this positive

A major company like SpaceX going public with a large Bitcoin treasury validates Bitcoin as a corporate asset and signals long-term confidence despite market headwinds. This is adoption-positive for the industry.

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