SpaceX reports $540 million Bitcoin loss

SpaceX disclosed that its Bitcoin holdings declined sharply in value during the first half of 2026, generating a $539 million unrealized loss as BTC fell about 33% from roughly $88,341 at the start of January to $58,533 on June 30. The company’s BTC position dropped in fair value from $1.637 billion to $1.098 billion, based on an SEC filing. Despite the markdown, SpaceX still held an overall unrealized profit of $437 million on its Bitcoin treasury, reflecting roughly a 66.1% total gain since acquisition. The report highlights how Bitcoin’s mid-year weakness can materially affect corporate treasury balances and may influence investor sentiment toward companies with large crypto exposures. The article also compares SpaceX’s holdings with other corporate Bitcoin treasuries, underscoring its sizable position relative to peers such as Coinbase and Tesla.