Odaily Planet Daily reports that on-chain data platform Arkham Intelligence shows SpaceX currently holds approximately 8,285 bitcoins in its Coinbase Prime custodial account, valued at around $545 million at current prices—a decline of approximately $235 million from its valuation of about $780 million three months ago. During this period, the company did not reduce its holdings. SpaceX is planning to submit a confidential IPO application to the U.S. Securities and Exchange Commission (SEC) as early as March, with an aim to go public in June at a valuation potentially exceeding $1.75 trillion, raising up to $50 billion in funding. If successful, this would surpass the $29 billion IPO record set by Saudi Aramco in 2019. Data indicates that since early 2026, SpaceX’s bitcoin holdings have remained stable at approximately 8,300 BTC, though its book value has fluctuated significantly due to BTC price corrections. At its peak in late 2021, the value of its BTC holdings approached $2 billion, followed by a decline during the 2022 bear market, with values ranging between $400 million and $800 million over the past two years.
Market participants note that once SpaceX files its S-1, it will be required to disclose its exposure to crypto assets, and future financial reports may reflect unrealized gains or losses due to Bitcoin price volatility. Previously, Tesla attracted significant market attention due to similar unrealized fluctuations. However, on-chain data shows no evidence of active trading by SpaceX; unlike Tesla, which has engaged in buying and selling, SpaceX appears to favor a long-term holding strategy. (CoinDesk)