Elon Musk’s SpaceX sees $300M drop in Bitcoin holdings value

SpaceX’s Bitcoin treasury has fallen more than $300 million in value from its recent peak, as the price of Bitcoin pulled back from October highs.

Notably, SpaceX currently holds just over 8,000 Bitcoin, valued at approximately $687.6 million, according to on-chain data retrieved by Finbold from Arkham. The aerospace company’s BTC holdings reached an estimated all-time high value of around $1.03 billion on October 7, when Bitcoin was trading at significantly higher levels.

SpaceX’s Bitcoin treasury decline reflects a drop of more than $300 million in the dollar value of aerospace giant’s BTC position, despite no evidence of large-scale selling from the company’s known wallets. Arkham data shows that SpaceX’s Bitcoin balance remains broadly unchanged, indicating the drawdown is driven by price movements rather than distribution.

The portfolio is down around 2.3% over the past 24 hours, in line with broader Bitcoin market weakness during the same period.

SpaceX has been associated with Bitcoin holdings since disclosures linked to Elon Musk’s broader corporate ecosystem, although the company does not regularly comment publicly on its digital asset strategy, and latest data reinforces how large corporate treasuries remain highly sensitive to short-term price volatility, even when holdings are unchanged.

Despite the pullback, SpaceX’s Bitcoin position remains one of the largest known corporate BTC holdings outside of publicly disclosed treasury leaders. The company’s current Bitcoin balance still represents a substantial long-term allocation relative to most private firms.