Elon Musk's SpaceX IPO Filing Debuts $1.45 Billion Bitcoin Position
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SpaceX’s official IPO filing revealed a Bitcoin position worth $1.45 billion on Wednesday, highlighting tech CEO Elon Musk’s quiet commitment to the digital asset.
Key facts
The company, which added Bitcoin to its balance sheet in 2021, held 18,712 Bitcoin as of Dec. 31, purchased for $661 million, according to the much-anticipated SEC filing
SpaceX’s official IPO filing revealed a Bitcoin position worth $1.45 billion on Wednesday, highlighting tech CEO Elon Musk’s quiet commitment to the digital asset
SpaceX recorded a $112 million unrealized loss on its holdings last year
On-chain movements last year suggested that Musk’s most lucrative venture had pared down its stash, with roughly $143 million worth of Bitcoin being consolidated in a single wallet
Summary
The company, which added Bitcoin to its balance sheet in 2021, held 18,712 Bitcoin as of Dec. 31, purchased for $661 million, according to the much-anticipated SEC filing. The filing notes that the stash, which places the firm among the top 10 largest corporate holders of Bitcoin, continues to be held with third-party custodians. SpaceX recorded a $112 million unrealized loss on its holdings last year. On-chain movements last year suggested that Musk’s most lucrative venture had pared down its stash, with roughly $143 million worth of Bitcoin being consolidated in a single wallet.