Svmuu News: According to on-chain data platform Arkham Intelligence, SpaceX currently holds approximately 8,285 Bitcoin in its "CoinbasePrime" custodial account. Based on the latest price, this is valued at approximately $545 million, a decrease of about $235 million from the valuation of approximately $780 million three months ago.The company has not sold any shares during this period. SpaceX plans to file a confidential IPO application with the U.S. Securities and Exchange Commission (SEC) as early as March, with a target listing date in June and a valuation potentially exceeding $1.75 trillion.raising up to $50 billion. If successful, this would break the $29 billion IPO record set by Saudi Aramco in 2019.Data shows that the company’s Bitcoin holdings have remained largely stable at around 8,300 coins since early 2026, but the book value has fluctuated significantly due to the BTC price correction.At the end of 2021, its BTC holdings peaked at nearly $2 billion, but following the 2022 bear market decline, they have fluctuated between $400 million and $800 million over the past two years.Market observers note that once the S-1 filing is submitted, SpaceX will be required to disclose its exposure to crypto assets, and future financial reports may also reflect the risk of paper gains or losses resulting from price fluctuations in Bitcoin.Tesla has previously drawn market attention on multiple occasions due to similar book value fluctuations. However, on-chain data does not indicate any active trading by SpaceX; unlike Tesla, which has engaged in buying and selling activities, SpaceX appears to favor a long-term holding strategy. (CoinDesk)