SpaceX, the space exploration company led by Elon Musk, disclosed in its IPO filing on Wednesday that it holds more than $1 billion in Bitcoin (CRYPTO: BTC) on its balance sheet.

More Details About BTC’s Reserves

The company disclosed 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.45 billion.

The total cost basis of these holdings was reported at $661 million, implying an average acquisition cost of around $35,324 per BTC.

“The Company has ownership of and control over its digital assets, which consist of Bitcoin, and utilizes, and expectsto continue to utilize third-party custodians to hold its…

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