Billion-Dollar Bitcoin Bet: SpaceX Clings to Crypto Fortune Amidst Multibillion-Dollar Tech Setback
As of the latest available data, SpaceX holds a substantial 8,285 bitcoins, valued at approximately $603 million, in a custodial account with Coinbase Prime. Notably, this significant bitcoin stash remains untouched, despite the company's recent financial report revealing a staggering loss of nearly $5 billion for the year 2025, as per an analysis by Arkham Intelligence and a report published by The Information on Friday.
In a dramatic turn of events, SpaceX's profitability took a drastic hit, plummeting from an estimated $8 billion in profit the previous year, when revenues ranged between $15 billion and $16 billion. Although the company's revenue experienced a considerable surge, reaching $18.5 billion in 2025, the expenses associated with integrating xAI, Elon Musk's AI venture acquired in February, far exceeded the revenue generated.
Interestingly, a review of the company's bitcoin transfer history, as analyzed by CoinDesk, indicates that there have been no notable changes to its bitcoin holdings, with the most recent significant movement being an internal adjustment approximately four months ago. During this rebalancing, 614 and 1,021 bitcoins were transferred between the company's own wallets.
Since mid-2024, SpaceX's bitcoin holdings have remained remarkably stable, with the value peaking above $1.6 billion during the all-time high in October 2025. The fact that the company has chosen not to liquidate its bitcoin holdings, currently valued at $603 million, to offset its substantial loss, suggests that Musk and the broader company view bitcoin as a long-term treasury asset.
SpaceX now ranks as the fourth-largest known corporate holder of bitcoin, following Strategy, Marathon Digital, and Riot Platforms. The company's bitcoin position is poised to gain greater transparency, as CoinDesk reported last month that SpaceX has filed for an initial public offering (IPO), which would necessitate the disclosure of its bitcoin holdings in public filings, potentially triggering a fair-value accounting decision in accordance with the new FASB rules that came into effect in late 2025.