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SpaceX disclosed 18,712 Bitcoin worth about $1.45 billion in a filing with the U.S. Securities and Exchange Commission. The company said it bought the BTC for about $661 million before its planned public listing.
The filing showed a much larger position than blockchain trackers had estimated. Earlier on-chain analysis had linked only about 8,000 BTC to SpaceX since the company used third-party custodians.
SpaceX said third-party custodians hold the Bitcoin. That setup kept the company’s exposure away from public blockchain trackers for years. The filing also showed that SpaceX’s Bitcoin balance did not change from the end of 2024. The company did not add to the position or reduce it during the latest market cycle.
That approach differs from Strategy, which continues to buy Bitcoin regularly. SpaceX instead appears to treat BTC as a long-term treasury asset.
The disclosure arrived as SpaceX moved toward what could become the largest IPO in U.S. history. Reports say the company targets a valuation between $1.75 trillion and $2 trillion. The same report says SpaceX seeks to raise about $75 billion from public investors. The Bitcoin filing now adds another detail to its financial picture.
At press time on May 21, BTC traded at $77,611.98. The price showed a 0.4% daily gain, a 2.7% weekly drop, and a 2.3% monthly rise.
The filing also listed no Dogecoin holdings. That stood out as Elon Musk has often linked his public image to DOGE, which he once called his favorite crypto. SpaceX now ranks among the largest corporate Bitcoin holders globally. Tesla still holds 11,509 BTC after its 2022 sales, while SpaceX’s position is larger and remained untouched through the latest cycle.
Read More: Why Elon Musk’s SpaceX IPO May Draw Investor Capital Away from Tesla Shares
By naming the holdings in an IPO filing, SpaceX placed Bitcoin inside its long-term balance sheet structure. The document gives future shareholders indirect exposure to one of the largest private corporate BTC reserves.
SpaceX disclosed 18,712 Bitcoin worth about $1.45 billion in an SEC filing, far above earlier tracker estimates. The company kept the position unchanged through 2024 and held it through custodians. The filing also showed no Dogecoin, adding new details before its planned listing.
