SpaceX Discloses 18,712 BTC Holdings, Ranks as the 7th Largest Corporate Holder

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
SpaceX, owned by Elon Musk, revealed in an S-1 filing that it holds 18,712 BTC, valued at approximately $661 million as of December 31. The average cost per Bitcoin was $35,000, making the company the seventh-largest corporate holder. This move aligns with a bullish trend in Bitcoin adoption among major corporations. Traders are now monitoring key support and resistance levels as institutional interest continues to rise.

BlockBeats news: On May 21, SpaceX, led by Musk, disclosed in its S-1 filing with the U.S. Securities and Exchange Commission (SEC), prepared for its IPO, that the company holds 18,712 bitcoins.


The documents show that, as of December 31 of last year, the cost basis for this batch of Bitcoin was approximately $661 million, or about $35,000 per coin.


This makes SpaceX the seventh-largest corporate holder of Bitcoin, trailing only Strategy, 21 Capital, Metaplanet, MARA Holdings, Bitcoin Standard Treasury Company, and Bullish.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.