SpaceX's S-1 filing, reported by Bloomberg on May 27, 2026, reveals the company holds 18,712 Bitcoin valued at approximately $1.3 billion — a treasury position far larger than most market observers had anticipated. The company classifies the holdings as a reserve asset, placing BTC alongside cash and bonds on its balance sheet.
Critically, SpaceX has not sold a single Bitcoin since the end of 2024, signalling that the position is a deliberate long-term hold rather than speculative exposure. The finance team behind what is expected to be the largest IPO in history appears to be treating BTC as a structural inflation hedge and a home for excess cash.
The disclosure adds meaningful institutional weight to Bitcoin's treasury-asset narrative.
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