SpaceX Holds $603M Bitcoin Amidst $5B Loss; Arkham Data Reveals 8,285 BTC
The aerospace company SpaceX, associated with Elon Musk, maintains significant Bitcoin holdings, totaling 8,285 BTC with an estimated value of $603 million. This information, sourced from Arkham data, indicates that these assets are held in Coinbase Prime custody. The decision to retain these Bitcoin reserves comes as SpaceX reports a substantial $5 billion loss, attributed to its involvement with xAI, a stark contrast to a previous $8 billion profit. This financial context emerges as the company moves towards an IPO.
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