I was surprised to see the on-chain data – apparently SpaceX is holding around $637 million in Bitcoin! That puts them as the fourth largest corporate Bitcoin holder we know about. It’s interesting to see more big companies getting involved in crypto.
Summary
- SpaceX holds 8,285 BTC worth approximately $637m in Coinbase Prime custody, per Arkham Intelligence data, with the position unchanged since June 2022.
- The company ranks fourth among known private corporate Bitcoin holders, trailing Block.one, Tether Holdings, and Stone Ridge Holdings Group.
- SpaceX is targeting a June 12 Nasdaq debut under ticker SPCX, which will require public disclosure of the Bitcoin position under FASB fair-value accounting rules for the first time.
According to data from Arkham Intelligence analyzed by Finbold on May 18, SpaceX is holding approximately $637 million worth of Bitcoin (8,285 BTC) in custody with Coinbase Prime.
The company hasn’t changed its position since June 2022. Back then, they significantly reduced their cryptocurrency holdings – by about 70% – over three weeks, from a high of around 28,000 coins.
SpaceX is now estimated to be the fourth-largest private company holding Bitcoin, with holdings valued at $637 million. Only Block.one, Tether Holdings, and Stone Ridge Holdings Group hold more. Based on current prices, Arkham data indicates SpaceX has made an unrealized profit of over $360 million from its Bitcoin investment.
SpaceX Bitcoin position to go public with IPO
SpaceX plans to start trading on the Nasdaq stock exchange on June 12th, using the stock symbol SPCX. They are expected to publicly release their registration documents around May 20th and begin presenting to investors the week of June 8th. The company initially filed paperwork with regulators on April 1st, hoping to raise around $75 billion, which would value the company at $1.75 trillion.
After it’s recorded, the company’s Bitcoin holdings will be publicly disclosed in quarterly financial reports starting in late 2025, thanks to new accounting rules. You can track the current value of that Bitcoin – and therefore the value of the company’s investment – on the crypto.news Bitcoin price page.
How SpaceX describes its $637 million in Bitcoin holdings – as a long-term investment or something to be traded – will reveal how important cryptocurrency is to the company’s future financial plans. Given that SpaceX is preparing for a potentially record-breaking IPO, investors will be closely watching this detail.
SpaceX held Bitcoin through a $5b loss
In 2025, SpaceX brought in $18.5 billion in revenue. However, after buying Elon Musk’s AI company, xAI, in February 2026, the company experienced a nearly $5 billion loss. Despite these financial pressures, SpaceX did not sell any of its Bitcoin holdings.
According to a recent crypto.news report on American Bitcoin’s first-quarter 2026 performance, publicly traded Bitcoin mining companies are continuing to build or maintain their Bitcoin holdings, even while they invest in artificial intelligence infrastructure.
More and more companies are buying Bitcoin, and this trend really picked up in 2026. When SpaceX goes public, it could add a massive $1.75 trillion to the total value held by companies investing in Bitcoin. As crypto.news has been reporting, this will significantly increase the support for Bitcoin from large institutions.
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2026-05-19 00:28