SpaceX holds 8,285 BTC worth $603M steady as xAI costs flip $8B profit to nearly $5B loss ahead of IPO
Coindesk •
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Promote with Leviathan News$28M/day xAI burn rate and they didn't sell a single sat of the 8,285 BTC to cover it — position untouched since mid-2024 through a full $5B loss swing on $18.5B revenue. If the largest IPO in history prices at $1.75T with $603M in bitcoin sitting in Coinbase Prime, that's a stronger institutional endorsement of BTC-as-treasury-asset than any MicroStrategy purchase announcement. Public markets are about to be forced to price in corporate bitcoin exposure at a scale that makes every previous treasury adoption look like a pilot program.
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- SpaceX Bitcoin treasury tops $637m pre-IPO - Crypto News (crypto.news)
- SpaceX is sitting on a massive hoard of bitcoin - Business Insider (businessinsider.com)
- SpaceX Holds $603M in Bitcoin Despite $5B Loss | CoinDesk Daily (podcasts.apple.com)
- Musk's SpaceX holds $603 million in bitcoin despite $5 billion loss ... (x.com)
- SpaceX holds $603M in Bitcoin despite $5B loss stemming from xAI (news.ycombinator.com)
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