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

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Musk’s SpaceX holds $603 million in bitcoin despite $5 billion loss stemming from xAI Arkham data shows 8,285 BTC in Coinbase Prime custody as the company swings from $8 billion profit to nearly $5 billion loss ahead of its IPO push. By Shaurya Malwa Apr 11, 2026, 7:30 p.m. Make preferred on What to know : SpaceX is holding 8,285 bitcoin worth about $603 million in Coinbase Prime custody even as it reported a nearly $5 billion loss for 2025. The company swung from roughly $8 billion in profit a year earlier to a loss despite 2025 revenue rising to $18.5 billion, with the costs of integrating Elon Musk's AI venture xAI outpacing sales. SpaceX has kept its bitcoin position unchanged since mid-2024, making it the fourth-largest known corporate holder and signaling a continued commitment to bitcoin as a treasury asset ahead of its planned IPO. SpaceX is sitting on 8,285 BTC worth $603 million in Coinbase Prime custody while reporting a loss of nearly $5 billion for 2025, according to Arkham Intelligence data and a report from The Information published late Friday. The loss marks a sharp reversal from a year earlier when SpaceX generated roughly $8 billion in profit on revenues estimated between $15 billion and $16 billion. Revenue grew to $18.5 billion in 2025, but the integration of xAI, Elon Musk's artificial intelligence venture acquired in February, drove costs past the top line. There are no changes to the company's bitcoin position despite these losses. Transfer history analyzed by CoinDesk shows the last significant movement was an internal rebalance roughly four months ago, with 614 BTC and 1,021 BTC moving between SpaceX's own wallets. The balance history chart shows holdings have remained stable since mid-2024 after peaking above $1.6 billion in value during the October 2025 all-time high. For a company that just posted a $5 billion loss and is actively pursuing an IPO, holding $603 million in a volatile asset rather than liquidating it to improve the balance sheet is a statement about how Musk (or the broad) view bitcoin as a treasury asset. SpaceX's position is now the fourth-largest known corporate bitcoin holding behind Strategy, Marathon Digital, and Riot Platforms. CoinDesk reported last month that SpaceX had filed for an IPO that would disclose the bitcoin position in public filings for the first time, potentially forcing a fair-value accounting decision under the new FASB rules that took effect in late 2025. More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Bitcoin signals potential seller exhaustion as realized losses decline By James Van Straten | Edited by Stephen Alpher 1 hour ago On-chain data points to easing selling pressure, with realized losses falling and spot markets shifting toward net buying. What to know : Realized losses on bitcoin have dropped to around $400 million per day from peaks of $2 billion, suggesting diminishing forced selling. The profit-to-loss ratio has risen to 1.4, indicating that realized profits now outweigh losses as market conditions improve Read full story Latest Crypto News Bitcoin signals potential seller exhaustion as realized losses decline 1 hour ago The crypto honeymoon is over for now as analysts warn of a major first-quarter profit squeeze 2 hours ago $1.6 billion Ether Machine SPAC deal collapses over unfavorable market 2 hours ago Bitcoin, broader market flat as U.S.-Iran negotiations begin 3 hours ago Iran war oil-price shock revives inflation trade and a new stablecoin play 3 hours ago Crypto perpetuals predict the direction of Wall Street’s Monday open with 89% accuracy, data shows 4 hours ago Top Stories Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too. 17 hours ago Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says 5 hours ago Federal judge blocks Arizona from bringing criminal charges against Kalshi 19 hours ago Trump-backed WLFI token drops 12% to record lows after team defends multi-million lending position Apr 10, 2026 Bitwise files updated S-1 for Hyperliquid ETF as HYPE fund race heats up 5 hours ago Star Xu calls CZ a ‘liar’ as founders of world’s largest crypto exchanges argue over past allegations Apr 10, 2026