SpaceX blindsided the crypto community with a disclosure that was far larger than blockchain trackers anticipated. In its S-1 registration filing ahead of a planned June 12 IPO, the company revealed it held 18,712 Bitcoin — roughly $1.45 billion worth as of March 31 — more than double the amount estimated by public trackers. Sites such as BitcoinTreasuries.NET and Arkham had put SpaceX’s holdings at about 8,285 BTC, so the S-1 upended those estimates and surprised many on-chain analysts. The filing also shows the coins were bought at an average price of $35,320 apiece, meaning the position represents a sizeable paper gain at today’s market prices. If SpaceX completes its IPO, that Bitcoin cache would place the company among the top corporate holders of BTC — effectively ranking it seventh among publicly listed firms and moving it ahead of Tesla, which holds 11,509 BTC (about 7,000 fewer coins). Notably, SpaceX and Tesla began accumulating Bitcoin around the same time in early 2021, suggesting coordinated timing across Elon Musk’s businesses rather than a one-off experiment. The S-1 contains other eye-popping figures: SpaceX hopes to raise roughly $75 billion in the offering, valuing the company between $1.75 trillion and $2 trillion. The filing frames SpaceX’s opportunity as a $28.5 trillion “largest addressable market” spanning artificial intelligence, space exploration, and global connectivity — a pitch that blends high-growth tech narratives with a significant corporate crypto position. For investors, the IPO would offer more than aerospace exposure. Buying SpaceX stock would also provide indirect access to one of the largest corporate Bitcoin holdings disclosed to date, creating an unusual hybrid investment story that mixes rockets, satellites, AI ambitions, and a billion-dollar crypto stake. The newly revealed holding appears deliberate and long-term: nearly 19,000 BTC accumulated over several years is not consistent with a small pilot program. Until the S-1, that strategy was largely out of public view — and now it reshapes how market participants and crypto sleuths think about corporate adoption of Bitcoin. Image credit: Unsplash; chart: TradingView.
SpaceX Reveals $1.45B Bitcoin Holding in S-1 Filing
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Summary
Bitcoin breaking news: SpaceX revealed in its S-1 filing that it holds 18,712 Bitcoin, valued at $1.45 billion as of March 31. The amount exceeds prior estimates by blockchain trackers, which had shown around 8,285 BTC. The company bought Bitcoin at an average price of $35,320 per coin. If the IPO proceeds, SpaceX would become one of the largest corporate Bitcoin holders, surpassing Tesla. The S-1 also shows SpaceX aims to raise up to $75 billion, with a valuation range of $1.75T to $2T.
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