I just saw that SpaceX still hasn't touch their bitcoins despite the red numbers. The company holds 8,285 BTC in custody, which today would be around 670 million dollars at the current price. The interesting part is that they reported losses close to 5 billion by 2025 after integrating xAI, Elon’s AI company, but they didn't even liquidate part of their cryptocurrencies to improve the balance sheet.

Think about it: revenue increased to 18.5 billion but the costs of xAI exceeded them. A year earlier, they earned 8 billion. Still, Elon and his team decided to keep their Bitcoin position intact. That says something about how they view the asset.

What’s most striking is that SpaceX is preparing for its IPO and still hasn't sold. Since mid-2024, the position has been stable, with no major movements. It is now the fourth-largest corporate holder of Bitcoin, behind some specialized funds. For a company that just lost billions and is preparing to go public, holding over 600 million in a volatile asset is a clear bet. Elon continues to bet on Bitcoin as a store of value.