SpaceX’s $780 million bitcoin stack now down to about $545 million ahead of IPO filing

The company holds about 8,285 bitcoin in Coinbase Prime custody, a stake now worth roughly $545 million after a $235 million decline in value over the past three months. What to know : SpaceX is reportedly preparing a confidential IPO filing as soon as March, aiming for a June listing that could value the company at more than $1.75 trillion and raise up to $50 billion. The company holds about 8,285 bitcoin in Coinbase Prime custody, a stake now worth roughly $545 million after a $235 million decline in value over the past three months. SpaceX's S-1 and future earnings reports will expose investors to bitcoin-driven paper gains and losses, echoing Tesla's experience with crypto-related volatility and headline risk.(Coindesk)