rewrite this title SpaceX’s $1.45B Bitcoin Treasury Now Public

SpaceX holds 18,712 bitcoin acquired for $661 million, according to the company’s amended S-1 filing filed with the Securities and Exchange Commission on June 3, 2026.

The position is valued  at roughly $1.45 billion at current prices. The disclosure, buried in routine balance-sheet details before Elon Musk’s rocket company completed its IPO on June 12, signals a deliberate strategy to preserve value in corporate reserves.

SpaceX Is Now the 8th Largest Bitcoin Owner

The size surprised markets. Blockchain analysis firms had previously estimated SpaceX held between 6,000 and 8,300 BTC, suggesting the company either accumulated the difference quietly or stored it in ways that left minimal on-chain footprints. The actual position more than doubled earlier estimates, ranking SpaceX among a small cohort of public companies treating Bitcoin as a strategic reserve asset.

Musk’s other company, Tesla, holds 11,509 BTC on its balance sheet—meaning the two firms together control roughly 30,200 BTC, or about 0.14% of Bitcoin’s fixed supply. The combined position underscores how Musk views crypto not as speculation but as treasury infrastructure.

The broader picture is more telling. Strategy, the publicly traded holding company founded by Michael Saylor, dominates institutional adoption with 846,842 BTC, far outpacing SpaceX and accounting for two-thirds of all Bitcoin held by the top 100 public companies. Twenty One Capital, Metaplanet, Marathon Digital, and Bullish round out the top five, collectively controlling more than 150,000 BTC. As of June 2026, public companies hold approximately 1.26 million BTC, or 6% of the entire circulating supply.

Bitcoin Price and SpaceX Shares Correlation

What makes SpaceX’s disclosure material is the accounting treatment. Fair-value accounting rules, updated in 2024, require Bitcoin holdings on public balance sheets to be revalued each quarter. That means SpaceX’s earnings will now swing with Bitcoin price moves—a source of both upside and volatility. If Bitcoin rallies, shareholders benefit directly. If it drops 30%, the quarterly loss becomes a headline risk.

This forces a strategic question other companies face: Does holding Bitcoin on a public balance sheet reward long-term conviction or invite unnecessary equity noise? Strategy has answered by making Bitcoin central to its thesis. SpaceX, an aerospace and defense operator with crypto exposure as a side note, may face different pressure. The coming quarters will reveal whether Wall Street tolerates Bitcoin-driven earnings swings for an operating company—or whether SpaceX’s disclosure becomes a cautionary tale others cite when deciding to keep crypto off the books.

Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.