SpaceX holds 8,285 BTC, valued at $603 million, in Coinbase Prime custody. This is revealed as the company reported a near $5 billion loss for 2025, a stark contrast to the approximately $8 billion profit it generated the previous year.
Despite revenue growth to $18.5 billion in 2025, the integration of Elon Musk's AI venture, xAI, significantly increased costs. SpaceX's bitcoin holdings have remained stable since mid-2024, with no changes despite the recent financial downturn. This strategic decision to maintain a substantial position in a volatile asset, rather than liquidating it to improve financial statements, signals a belief in bitcoin as a treasury asset.
SpaceX's bitcoin position now ranks as the fourth-largest known corporate holding. The company is reportedly pursuing an IPO, which would necessitate public disclosure of its bitcoin assets and potential fair-value accounting under new FASB rules.