SpaceX IPO 前 Bitcoin holdings value drops to approximately $545 million, may face pressure to disclose paper gains and losses in the future

According to Odaily, data from on-chain platform Arkham Intelligence shows that SpaceX currently holds about 8,285 Bitcoin in its Coinbase Prime custody account. Based on the latest prices, this is valued at around $545 million, a decrease of about $235 million from the valuation of approximately $780 million three months ago. The company has not reduced its holdings during this period. SpaceX is planning to submit a confidential IPO application to the U.S. Securities and Exchange Commission (SEC) as early as March, aiming to go public in June with a potential valuation exceeding $1.75 trillion and a fundraising target of up to $50 billion. If successful, this would break the $29 billion IPO record set by Saudi Aramco in 2019. Data indicates that the company's Bitcoin holdings have remained relatively stable at around 8,300 BTC since early 2026, but the book value has fluctuated significantly due to the BTC price correction. At the end of 2021, its BTC holdings peaked at nearly $2 billion, then declined during the 2022 bear market, and have fluctuated between $400 million and $800 million over the past two years.

Market observers point out that once the S-1 filing is submitted, SpaceX will need to disclose its exposure to related crypto assets, and future financial reports may also reflect the risk of paper gains and losses due to Bitcoin price volatility. Tesla has previously drawn market attention multiple times due to similar paper fluctuations. However, on-chain data does not show any active trading by SpaceX. Compared to Tesla, which has engaged in buying and selling operations, SpaceX appears to favor a long-term holding strategy. (CoinDesk)