SpaceX’s Bitcoin stash has lost millions this year, here’s what Musk’s company still holds now

SpaceX watched $539 million evaporate in just six months as Bitcoin plummeted 33%, yet they didn't sell a single coin. Treating a hyper-volatile cryptocurrency as a "long-term reserve" is a massive gamble that challenges traditional corporate treasury wisdom. Even though they are back in the black, the sheer scale of their 18,712 BTC stash—double what analysts expected—proves Musk is all-in on crypto regardless of the risk. Is this visionary leadership or reckless speculation?
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