SpaceX Heads Into Historic IPO With a $1.45 Billion Bitcoin Treasury on Its Books
Summary
In its recent S-1 filing for an upcoming Nasdaq IPO, SpaceX disclosed holding 18,712 BTC, currently valued at about $1.45 billion. Acquired at a cost basis of $35,000 per coin, the company holds significant unrealized gains. Upon listing, SpaceX will become the largest public company to include Bitcoin on its balance sheet, subject to ongoing FASB fair-value accounting requirements.
(Source:Bitcoin Magazine)