SpaceX filed an SEC S-1 statement this week confirming it holds 18,712 Bitcoin valued at $1.293 billion as of March 31, 2026. The company bought the cryptocurrency at an average $35,324 per coin, booking an 119% unrealized gain on its $661 million investment. Third-party firms hold the assets, ending months of speculation about its crypto position.
First Formal Disclosure
This marks SpaceX's first official acknowledgment of Bitcoin ownership. Earlier estimates based on Arkham-linked wallets suggested just 8,285 BTC. The S-1 registration for its Nasdaq IPO laid bare the full stake. SpaceX didn't mention market timing or strategy. It simply reported the number as part of its asset portfolio. The disclosure came months after the March 31 valuation date but before final IPO documentation.
Corporate Holder Rankings
BitcoinTreasuries.net data shows SpaceX now ranks seventh among corporate Bitcoin holders globally. Its position jumps past Tesla's 11,509 BTC holding, which places 13th. The ranking reflects disclosed public filings only. SpaceX didn't reference Tesla or other firms in its filing. The move puts it among the largest known corporate treasuries holding the cryptocurrency.
IPO Asset Strategy
The Bitcoin stake features prominently in SpaceX's $75 billion Nasdaq IPO plans. The company targets a $1.75-2 trillion valuation, aiming to top Saudi Aramco's 2019 record. Tesla's 2021 BTC purchase had previously drawn attention, but SpaceX's larger disclosed position signals a different scale. Its S-1 filing treats the crypto as a standard balance sheet entry. No special risk disclosures accompanied the Bitcoin valuation.
Control Remains With Musk
Elon Musk will keep 85.1% voting power after the IPO closes. This ensures he controls major decisions despite the public offering. The SEC filing noted his voting stake but didn't tie it to the Bitcoin disclosure. SpaceX's leadership hasn't commented on whether the crypto reserve affects Musk's control structure. The company's next step is finalizing IPO documentation with the SEC.
