Elon Musk lost 5 billion dollars but still holds 600 million dollars worth of Bitcoin without selling? I understand this move, and I’m a bit panicked too

You might open this article just because of one number:

A company that lost 5 billion dollars in a year still holding onto 50k dollars of Bitcoin, doing nothing.

It’s not that they don’t have money to sell. They just don’t want to.

This company is called SpaceX.

Do you also think it’s a bit crazy?

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1. Here’s what happened

In 2025, SpaceX’s revenue rose to 18.5 billion dollars, a big increase from last year.

Shouldn’t that be cause for celebration?

But no, it went from earning 8 billion last year to nearly losing 5 billion this year.

Why?

Because Elon Musk integrated his AI company—xAI—into SpaceX.

Acquisitions, integration, burning cash. Costs skyrocketed, eating up all the income, and they still ended up losing a lot.

Now, does a question pop into your mind:

If they’re losing that much, why don’t they sell their 600 million dollars of Bitcoin?

Exactly.

$603 million, 8,285 Bitcoins, sitting in Coinbase Prime custody account, unmoved from mid-2024 to now.

Even in the past four months, the only activity was internal transfers between wallets—614 coins moved to one side, 1,021 coins moved to the other.

They haven’t sold a single one.

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2. The heartbreaking part comes

Think about it: if you were the CFO of SpaceX, with a 5 billion dollar loss in a year, and an IPO coming up (already filed), what would you do?

Most people would do one thing:

Sell volatile assets, convert to cash, and make the financial report look better.

What is Bitcoin? Something that can rise 20% in a day, or fall 15% in a day.

If you hold it, and an audit asks: How much is this worth? How do you answer?

And since the end of 2025, new accounting standards require fair value accounting—meaning, if Bitcoin drops, your losses on the financial statements look even worse.

Does SpaceX not know this?

They do.

But they still didn’t sell.

This isn’t faith; it’s “I’m too lazy to explain what asset allocation is to you anymore.”

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3. The fourth-largest corporate Bitcoin holder worldwide

Do you know who’s ahead of them?

- First: Strategy (formerly MicroStrategy), the company that treats “buying Bitcoin” as its main business.

- Second: Marathon Digital, a mining company.

- Third: Riot Platforms, also a mining company.

Fourth: SpaceX—a rocket maker, satellite launcher, preparing for IPO, losing 5 billion a year.

Do you feel something’s off?

A space company, holding Bitcoin in fourth place among global corporations.

What does that mean?

It means in Musk’s eyes, Bitcoin isn’t a speculative asset; it’s a “treasury asset.”

The kind—no matter if I lose 5 billion, I keep it. Not because I lack money, but because I treat it as a **bottom line**.

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4. Think about it:

If SpaceX doesn’t sell Bitcoin even when losing 5 billion—

What do those who keep shouting “Bitcoin will crash” have?

They have mortgages, anxiety, and “wait and see.”

And Musk has rockets, AI, and 8,285 Bitcoins.

Losing 5 billion and not selling.

Rising to 1.6 billion (the all-time high in October 2025) and still not selling.

From 8 billion profit to 5 billion loss, and still not selling.

From a private company to IPO-ready, and still not selling.

This isn’t stubbornness. It’s “I know you don’t understand, so I won’t explain.”

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5. The real heartbreak isn’t Musk, it’s you

Let me ask you a very direct question:

How much of your assets are you holding onto so tightly that you’d keep them even if you lost 5 billion?

Don’t say 5 billion.

If you lost 50k yuan, would you start panicking?

If you lost 500k yuan, could you sleep at night?

If you lost 5 million yuan, would you start cursing?

But SpaceX lost 5 billion dollars.

It holds 500k dollars of Bitcoin, unmoved.

You’re not losing because of information gaps; you’re losing because of “mindset gaps.”

Others see Bitcoin as a treasury asset; you see it as a “speculative lottery” that you buy and sell.

So, they are Musk; you are that passerby who says “I knew I should have bought it back then.”

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Finally, a harsh truth

SpaceX is about to go public.

At that time, its Bitcoin holdings will be disclosed in the public filings.

Then everyone will see:

A company that, in the year it lost 5 billion, still chose to hold onto Bitcoin.

What will you think then?

Will you think “They’re crazy”?

Or suddenly realize—

The truly crazy ones are those who sold at 30k USD, bought back at 60k USD, and then cut losses at 50k USD?

I’m not telling you to rush in and buy now.

I just want to ask you:

If even a company losing 5 billion dares to hold onto Bitcoin—

What are you afraid of?

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If it were you, with your company losing 5 billion, would you sell Bitcoin? #加密市场回升 #Gate广场四月发帖挑战 $BTC