SpaceX has significantly reduced its Bitcoin holdings over the past two years, cutting its position by nearly 70% from roughly 28,000 BTC at its peak to 8,285 BTC today. The current stash is worth approximately $574 million, compared with an estimated $1.8 billion valuation at the peak.
Holdings Reduced to 8,285 BTC
The aerospace company’s Bitcoin balance now stands at 8,285 BTC, reflecting a substantial drawdown from its previous high of about 28,000 BTC. The shift underscores a major change in the firm’s crypto treasury exposure during a period of heightened market volatility.
Move Follows Prolonged Market Downturn
The reduction occurred over a two-year stretch that coincided with one of the cryptocurrency market’s most severe downturns. During that time, digital asset prices experienced sharp declines and extended periods of instability, prompting many institutions to reassess risk and liquidity needs.
Context: Corporate Bitcoin Treasuries
SpaceX’s adjustment aligns with broader trends among corporate holders navigating Bitcoin’s volatility. Some firms have trimmed exposure in response to market conditions and operational considerations, while others have continued to accumulate. The shift highlights how private companies approach digital assets on their balance sheets amid changing macro and market dynamics.