SpaceX is holding firm with 8,285 bitcoin valued at approximately $603 million in Coinbase Prime custody, despite reporting a staggering $5 billion loss for 2025. This loss marks a dramatic shift from the previous year, when the company enjoyed around $8 billion in profit. The decline in profitability is attributed to rising costs associated with the integration of Elon Musk’s AI venture, xAI, which outpaced revenue growth to $18.5 billion.
The decision to maintain its bitcoin position amid significant losses signals SpaceX’s commitment to treating bitcoin as a treasury asset, particularly as it prepares for an IPO. This strategy positions SpaceX as the fourth-largest corporate holder of bitcoin, following Strategy, Marathon Digital, and Riot Platforms. As the company prepares to disclose its bitcoin holdings publicly, it may face accounting implications under new FASB rules that could impact its financial reporting.
For market professionals, SpaceX’s steadfastness in holding bitcoin during a financial downturn underscores the asset’s perceived value as a strategic reserve, potentially influencing other corporations’ treasury management decisions.
Source: coindesk.com