Elon Musk’s SpaceX holds $1.45 billion worth of bitcoin as firm looks to go public
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Elon Musk’s SpaceX reported holding 18,712 bitcoins, according to the Form S-1 it filed with the U.S. Securities and Exchange Commission in preparation for a public listing.
Key facts
The document said those bitcoins, held as of Dec. 31, were acquired at a cost basis of $661 million, equating to about $35,000 per coin
SpaceX began acquiring bitcoin (BTC) in 2021, around the same time as Tesla's well-known $1.5 billion purchase that year
In the S-1, SpaceX said it has identified the "largest actionable total addressable market in human history," estimating its quantifiable TAM is $28.5 trillion
Elon Musk’s SpaceX reported holding 18,712 bitcoins, according to the Form S-1 it filed with the U.S. Securities and Exchange Commission in preparation for a public listing
Summary
Securities and Exchange Commission in preparation for a public listing. The document said those bitcoins, held as of Dec. 31, were acquired at a cost basis of $661 million, equating to about $35,000 per coin. SpaceX began acquiring bitcoin (BTC) in 2021, around the same time as Tesla's well-known $1.5 billion purchase that year. Tesla also sold off a bulk of its bitcoin holdings in 2022. On Wednesday, Arkham showed SpaceX holding about 8,280 BTC, around the same amount that Bitcoin Treasuries reported.