Here’s how much SpaceX is up on its Bitcoin bet
In this news:
Key takeaways
- SpaceX holds 18,712 Bitcoin custodied through Coinbase Prime.
- The space company's holdings grew in value to $1.55 billion following a 30% rally in Bitcoin.
- SpaceX has made virtually no changes to its portfolio since its initial public offering.
As of October 8, SpaceX holds 18,712 Bitcoin on-chain, custodied through Coinbase Prime and worth $1.55 billion.
According to Arkham Intelligence, which was the first to identify the relevant addresses, SpaceX held the exact same number of BTC following its initial public offering, although the position was then valued at a significantly lower $1.19 billion.
Portfolio growth and market context
The position slowly grew in value as Bitcoin itself rallied following the slump that characterized the majority of 2026. Indeed, the cryptocurrency has rallied approximately 30% since the SpaceX debut, shooting up from $63,547 on June 12 to $82,925 at press time, October 8.
For context, SpaceX’s Bitcoin holdings grew by roughly $366.69 million since the NASDAQ listing, $191.72 million being added between September 16 and October 6 alone thanks to September’s largely positive market environment.
Judging by the same Arkham data, the space company’s latest on-chain move was an $88 test transaction in July, meaning the firm has made virtually no changes to its BTC portfolio since the IPO.
Current market pressures and outlook
If SpaceX does not make any new moves, the value of its BTC position will thus depend solely on the digital asset’s price. Currently, Bitcoin is facing some pressure following a wave of leveraged liquidations, as more than $546 million in crypto positions were liquidated in the 24 hours leading up to press time, roughly 88% of them long.
ETF flows have also turned negative. U.S. spot Bitcoin ETFs recorded about $487.07 million in net outflows on October 7, their largest single-day withdrawal in weeks, while Federal Reserve minutes data released October 7 indicated that most officials believed another rate increase could be appropriate before year-end.
For now, Bitcoin’s next move is likely to depend on whether the $82,000 support zone holds. Some analysts are optimistic and see upside potential toward $87,000 by the end of the month. If such predictions come true, SpaceX’s BTC holdings could be worth $1.62 billion by late October.
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$1.000
Market Cap
$2.2B 0.00%
24h Volume
-
Supplies
2.2B / ∞
Current Price
$0.5674
Market Cap
$2.2B -1.41%
24h Volume
$321.1M
Supplies
10.0B / 10.0B
Current Price
$1.164
Market Cap
$2.0B 0.94%
24h Volume
$215.1M
Supplies
1.7B / 2.1B
Current Price
$0.000004659
Market Cap
$2.0B 1.82%
24h Volume
$182.6M
Supplies
420.7T / 420.7T
Current Price
$0.7184
Market Cap
$2.0B 1.14%
24h Volume
$93.8M
Supplies
7.8B / 8.0B
Current Price
$0.9951
Market Cap
$1.9B 0.04%
24h Volume
$838.2K
Supplies
1.9B / ∞
Current Price
$0.5568
Market Cap
$1.8B 5.03%
24h Volume
$23.8M
Supplies
6.2B / 6.2B
Current Price
$4,118.48
Market Cap
$1.8B 0.37%
24h Volume
$121.2M
Supplies
440.6K / ∞
Current Price
$0.07640
Market Cap
$1.8B 1.29%
24h Volume
$8.8M
Supplies
23.5B / 23.5B
Current Price
$0.05607
Market Cap
$1.8B 1.84%
24h Volume
$23.9M
Supplies
100.0B / 100.0B
Current Price
$0.9994
Market Cap
$1.8B 0.05%
24h Volume
$2.9M
Supplies
1.8B / ∞
Current Price
$0.7500
Market Cap
$1.7B -1.49%
24h Volume
$731.5K
Supplies
5.4B / 10.0B