SpaceX holds 18,712 bitcoins valued at $1.45 billion. The information appears in IPO documents filed Wednesday by Elon Musk's company. This revelation puts an end to speculation about the space group's crypto reserves and discreetly places SpaceX among the largest institutional holders of BTC in the world. It also rekindles discussions around the role of bitcoin in corporate treasuries, while markets are closely monitoring the return of listed companies to crypto.
In brief
- SpaceX officially owns 18,712 bitcoins, valued at approximately $1.45 billion according to its IPO filings.
- This revelation puts an end to speculation around the crypto reserves of Elon Musk's company after several years of uncertainty.
- The regulatory filing shows that SpaceX has retained massive exposure to BTC despite market volatility and past Tesla sales.
- The total absence of Dogecoin in the IPO documents contrasts with Elon Musk's public positions on this crypto.
SpaceX confirms much larger Bitcoin reserve than expected
The IPO document reveals that SpaceX owns exactly 18,712 BTC, valued at approximately $1.45 billion at the current market price. The reported acquisition cost reached $661 million.
This data puts an end to speculation arising from movements observed on certain addresses associated with the company. Several on-chain analysts previously estimated that SpaceX had only retained around 8,285 BTC after various transfer operations. The regulatory document ultimately confirms that Elon Musk's company still holds a much larger position.
The main information revealed in the file are as follows:
- 18,712 BTC held by SpaceX;
- An estimated valuation of $1.45 billion;
- A reported acquisition cost of $661 million;
- An unrealized loss of $112 million in 2025;
- An unrealized gain of $955 million in 2024;
- Bitcoins held with third-party custodians;
- A position unchanged since the end of 2024.
SpaceX initially purchased 25,724 BTC according to data from Bitcoin Treasuries. This publication also places Elon Musk in the recent history of corporate bitcoin. In 2021, the manager declared on Clubhouse that BTC was “a good thing”before Tesla suspended bitcoin payments citing the network's energy footprint and its “carbon footprint”.
Silence around Dogecoin intrigues after regulatory filing revelations
Beyond the amounts held by SpaceX, another detail of the document attracts attention: the total absence of Dogecoin. For several years, Elon Musk has regularly associated his image with crypto, which he even described as “favorite crypto”. Despite this media proximity, no DOGE appears in the reserves declared by the space company. The contrast is all the more marked as the regulatory filing confirms massive exposure to bitcoin, while the market often associated Musk with a more unpredictable crypto strategy focused on memecoins.
This revelation also repositions SpaceX among the largest BTC holding companies in the world. While Tesla reduced its reserves to 11,509 BTC after its 2022 sales, SpaceX maintains a significantly superior position. The signal sent to investors goes beyond just the crypto industry. By officially integrating these assets into an IPO file, SpaceX is inserting bitcoin into its long-term financial architecture, in the same way as other strategic assets followed by the markets.
The announcement could revive the narrative of companies using bitcoin as a treasury asset, at a time when several listed companies are reassessing their exposure to cryptos. It also risks fueling discussions around Elon Musk's influence on the market, even if the leader today remains more associated with artificial intelligence, space or X than with bitcoin itself. One thing, however, emerges clearly from this file: despite Tesla's cycles, controversies and past sales, the Musk ecosystem continues to retain a major place in the BTC economy.
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