TechFlow reports that, according to CoinDesk, the value of SpaceX’s approximately 8,285 bitcoins has declined from $780 million three months ago to roughly $545 million as of March 1—a decrease of $235 million. Per Arkham Intelligence data, these ~8,300 bitcoins are distributed across 43 addresses hosted by Coinbase Prime.
Bloomberg reports that SpaceX plans to file a confidential IPO application with the U.S. Securities and Exchange Commission (SEC) as early as March, targeting a June listing with a potential valuation exceeding $1.75 trillion and fundraising of up to $50 billion. Similar to Tesla, SpaceX’s S-1 filing and future financial reports will disclose to investors the unrealized gains and losses stemming from its bitcoin holdings.
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