On the Eve of the IPO: SpaceX First Discloses Bitcoin Holdings, Ranking Seventh Globally Among Corporate Holders

According to the initial S-1 registration statement filed by SpaceX with the SEC, the company holds 18,712 Bitcoins, with an average purchase cost of about $35,324 and a total value of about $661 million.

As of the end of March this year, the fair value of the Bitcoins held by SpaceX was $1.293 billion, with unrealized gains of nearly 119%.

This disclosure places SpaceX as the seventh-largest corporate Bitcoin holder globally, surpassing its sister company Tesla (which holds 11,509 Bitcoins) by about 7,000 Bitcoins. At present, Strategy remains the top Bitcoin holder with 843,738 Bitcoins.

SpaceX said it uses third-party custodians to hold these Bitcoins and will continue to do so. Although Musk has repeatedly hinted on social media about interest in digital assets, this is the first time SpaceX has officially acknowledged that it holds Bitcoins.

Currently, SpaceX is working to prepare for its IPO and plans to list on Nasdaq on June 12 under the ticker SPCX, with a target fundraising of approximately $75 billion and an expected valuation of $1.75 trillion to $2 trillion.

The prospectus shows that its potential market size is about $28.5 trillion, with its strategic core being to seize opportunities of corresponding scale by leveraging a reusable model. After listing, Musk will retain about 85.1% of voting rights and maintain absolute control over key decisions.

It is worth noting that Circle’s fundraising in the cryptocurrency sector has attracted major attention since its IPO last year. This USDC issuer raised more than $1 billion, attracting large investors including ARK Investment and BlackRock, and resulting in a stock subscription size more than 25 times the target.

Meanwhile, the dual news of SpaceX disclosing its Bitcoin holdings and advancing its IPO plans will undoubtedly stir the market, drawing attention from all sides, and also bringing new imagination to the integration of cryptocurrencies and traditional finance.

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