SpaceX Reveals 18,712-Bitcoin Stake Amid New Accounting Rules

SpaceX, led by Elon Musk, has held onto its Bitcoin stash despite market volatility. The company disclosed that it holds 18,712 Bitcoin, acquired for $661 million and valued at approximately $1.29 billion as of March 31, 2026.

This makes SpaceX the largest Bitcoin treasury ever attached to an initial public offering (IPO), with the listing marking a significant change in accounting rules. Under new fair-value rules from the Financial Accounting Standards Board, companies must record their cryptocurrency holdings at current market value each reporting period, rather than writing down the value when it falls.

This means that SpaceX's earnings will now be affected by the price of Bitcoin, with gains and losses recorded every quarter. The company generated $18.5 billion in revenue in 2025, so the $1.29 billion Bitcoin stake is a small fraction of its overall business.