As Space Exploration Technologies Corp. (NASDAQ: SPCX) stock price rallied to its highest level since June 22, on October 6, 2026, SpaceX’s valuation was also boosted by its Bitcoin (BTC) holdings.
SpaceX’s Bitcoin holdings added more than $191.72 million over the past 20 days, up from $1.41 billion on September 16, to $1.61 billion on Tuesday, according to data Finbold fetched from Arkham Intelligence.
During this period, SpaceX did not purchase or distribute its BTC holdings, currently at 18,720 Bitcoin. However, this Bitcoin treasury company benefited from BTC’s 14% climb, bolstered by renewed institutional demand and supportive regulatory efforts in the United States.
Notably, BTC price moved from $75,585 on September 16 to trading at nearly $86,000 at the time of reporting.
How profitable are SpaceX’s Bitcoin holdings?
Over the past three months, SpaceX’s Bitcoin trove has seen its profit rise from $490 million on July 7 to $909 million at the time of publication.
Despite the 2026 crypto bear market, SpaceX has been profitable in its BTC holdings since October 24, 2023. Consequently, this company is well positioned to benefit from the crypto bull market in addition to the Artificial Intelligence (AI) boom, as Finbold highlighted.
What’s next for the BTC price?
Even though the BTC price has surged by roughly 14% over the last 20 days, top Wall Street banks, including Citigroup Inc. (NYSE:C) and Bernstein, expect further upside by the end of this year.
Specifically, Citi’s BTC price prediction for December 31, 2026 is $113,000, as Finbold reported.
As such, SpaceX’s Bitcoin holdings could attract more gains, potentially surpassing $1.87 billion in total value by the end of this quarter.
Featured image via Shutterstock
