★Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI

The Big Coin Report Take

SpaceX continues to hold a substantial Bitcoin reserve, with Arkham data revealing 8,285 BTC, valued at approximately $603 million, held in Coinbase Prime custody. This matters significantly as it demonstrates a major private company's sustained conviction in Bitcoin as a treasury asset, even as SpaceX navigates a substantial $5 billion financial loss ahead of its potential IPO. The key takeaway is the $603 million Bitcoin holding, underscoring institutional resilience. Moving forward, watch for any further disclosures regarding corporate Bitcoin holdings, especially as SpaceX progresses towards its public offering.