SpaceX's Bitcoin Holdings Drop to Around $545 Million in Value Ahead of IPO Application

BlockBeats News, March 1st, according to CoinDesk's report, on-chain data platform Arkham Intelligence showed that SpaceX currently holds about 8,285 bitcoins in its Coinbase Prime custody account, currently valued at approximately $545 million, down from around $780 million in December last year, a decrease of about $235 million. During this period, the company did not sell any bitcoins. SpaceX is planning to submit a confidential IPO application to the SEC as early as March, with a target of listing in June, with a valuation potentially exceeding $1.75 trillion and a maximum fundraising of up to $50 billion. Data shows that since early 2026, the company's bitcoin holdings have remained at around 8,300 coins, but due to the BTC price correction, the book value has fluctuated significantly. The company's BTC holdings peaked at nearly $2 billion at the end of 2021, then experienced a decline during the 2022 bear market, fluctuating between $400 million and $800 million over the past two years.

Market participants pointed out that once SpaceX submits the S-1 filing, it will need to disclose its related exposure to crypto assets, and future financial reports may also reflect the book profit and loss risks brought about by bitcoin price fluctuations. Previously, Tesla has attracted market attention multiple times due to similar book fluctuations. However, on-chain data does not show that SpaceX engages in active trading, and compared to Tesla, which has conducted buying and selling operations, SpaceX is more inclined to a long-term holding strategy.