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SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet.
More Details About BTC’s Reserves
The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion.
The total cost basis of these holdings was reported at $661 million, implying an average acquisition cost of around $35,324 per BTC.
“The Company has ownership of and control over its digital assets, which consist of Bitcoin, and utilizes, and expects
to continue to utilize third-party custodians to hold its Bitcoin,” the filing read.
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