TLDR
- SpaceX maintains custody of 8,285 BTC valued at roughly $603 million through Coinbase Prime
- Financial performance reversed from $8 billion in gains to a $5 billion deficit in 2025
- Annual revenue reached $18.5 billion, though xAI integration expenses exceeded income
- The bitcoin treasury has stayed static since the middle of 2024
- SpaceX ranks as the fourth-biggest corporate entity holding bitcoin publicly
According to The Information’s Friday report, SpaceX recorded approximately $5 billion in losses for 2025. This represents a dramatic shift from the company’s roughly $8 billion in profits during the previous year.
https://x.com/blckchaindaily/status/2043174140723798502?s=20
The revenue picture tells a different story. SpaceX generated $18.5 billion in 2025, representing growth from the estimated $15 billion to $16 billion recorded in 2024. However, operational expenses related to absorbing xAI—Elon Musk’s AI venture purchased in February 2025—exceeded total income.
Yet throughout this financial turbulence, SpaceX left its bitcoin reserve completely untouched. Blockchain analytics platform Arkham Intelligence confirms the company maintains 8,285 BTC stored with Coinbase Prime, currently valued at approximately $603 million.
The most recent wallet activity occurred roughly four months ago during an internal reorganization. Two separate transactions—614 BTC and 1,021 BTC respectively—transferred between wallets controlled by SpaceX. Zero bitcoin entered the market.
The dollar value of SpaceX’s position exceeded $1.6 billion when Bitcoin reached its peak in October 2025. The actual BTC quantity has remained unchanged since mid-2024.
This positions SpaceX as the fourth-largest publicly known corporate bitcoin treasury, trailing only Strategy, Marathon Digital, and Riot Platforms.
A Big Asset on a Stressed Balance Sheet
For an organization gearing up for public markets while absorbing a $5 billion deficit, maintaining over $600 million in a high-volatility asset represents a deliberate strategic decision. SpaceX has shown no indication of liquidating this position to strengthen its financial position.
Reports from CoinDesk last month confirmed SpaceX submitted IPO documentation. Once these filings become accessible to the public, the bitcoin treasury will appear in official financial disclosures for the first time.
This timing coincides with updated FASB accounting standards implemented in late 2025. These regulations require companies to value cryptocurrency holdings at current market rates, meaning Bitcoin’s price fluctuations will directly impact SpaceX’s reported financial performance.
What the IPO Filing Could Mean for Bitcoin Disclosure
After SpaceX completes its public offering, the bitcoin position will face identical examination as every other asset on the balance sheet. Market participants and financial analysts will monitor this holding through regular quarterly reports.
Maintaining the position through a $5 billion loss indicates leadership considers bitcoin a strategic treasury reserve rather than a speculative investment.
SpaceX enters a selective but expanding group of corporations adopting this bitcoin treasury approach. While Strategy maintains the dominant position by substantial margin, SpaceX’s $603 million holding establishes it as a significant participant in this emerging category.
Arkham’s blockchain tracking reveals no recent withdrawals. Current on-chain verification confirms SpaceX’s complete 8,285 BTC position remains undisturbed.
The post SpaceX Maintains $603M Bitcoin Reserve Despite Recording $5B Annual Loss appeared first on Blockonomi.
Source: https://blockonomi.com/spacex-maintains-603m-bitcoin-reserve-despite-recording-5b-annual-loss/
