SpaceX Confirms $1.45 Billion Bitcoin Reserve In IPO Filing

SpaceX holds 18,712 bitcoins valued at 1.45 billion dollars. The information appears in the IPO documents filed Wednesday by Elon Musk’s company. This revelation ends speculations about the space group’s crypto reserves and quietly places SpaceX among the largest institutional BTC holders in the world. It also revives discussions about the role of bitcoin in corporate treasuries, as markets closely watch the return of listed companies to crypto.

SpaceX confirms a Bitcoin reserve much larger than expected

The IPO document reveals that SpaceX owns exactly 18,712 BTC, valued at around 1.45 billion dollars at the current market price. The declared acquisition cost reaches 661 million dollars.

These data end the speculation arisen from movements observed on certain addresses associated with the company. Several on-chain analysts had until now estimated that SpaceX had only retained about 8,285 BTC after various transfer operations. The regulatory document finally confirms that Elon Musk’s company still holds a much larger position.

The main information revealed in the filing are the following :

• 18,712 BTC held by SpaceX ;
• An estimated valuation of 1.45 billion dollars ;
• A declared acquisition cost of 661 million dollars ;
• An unrealized loss of 112 million dollars in 2025 ;
• An unrealized gain of 955 million dollars in 2024 ;
• Bitcoins held with third-party custodians ;
• A position unchanged since the end of 2024.

SpaceX initially purchased 25,724 BTC according to Bitcoin Treasuries data. This publication also repositions Elon Musk in the recent history of corporate bitcoin. In 2021, the CEO declared on Clubhouse that BTC was “a good thing”, before Tesla suspended bitcoin payments citing the network’s energy footprint and its “carbon footprint”.

Silence around Dogecoin intrigues after regulatory filing revelations

Beyond the amounts held by SpaceX, another detail of the document attracts attention: the total absence of Dogecoin. For several years, Elon Musk has regularly associated his image with the crypto, which he even called his “favorite crypto”. Despite this media proximity, no DOGE appears in the reserves declared by the space company. The contrast is all the more striking as the regulatory filing confirms massive exposure to bitcoin, while the market often associated Musk with a more unpredictable crypto strategy focused on memecoins.

This revelation also repositions SpaceX among the world’s largest BTC-holding companies. While Tesla reduced its reserves to 11,509 BTC after its 2022 sales, SpaceX maintains a much larger position. The signal sent to investors goes beyond the crypto industry alone. By officially including these holdings in an IPO filing, SpaceX integrates bitcoin into its long-term financial architecture, on par with other strategic assets monitored by the markets.

The announcement could revive the narrative of companies using bitcoin as a treasury asset, at a time when several listed firms are reevaluating their crypto exposure. It may also fuel discussions about Elon Musk’s influence on the market, even if the CEO is currently more associated with artificial intelligence, space, or X than bitcoin itself. One thing clearly emerges from this filing: despite cycles, controversies, and Tesla’s past sales, the Musk ecosystem continues to hold a major place in the BTC economy.