SpaceX earnings will reveal the full story behind its BTC holdings
SpaceX is set to release its Q3 results after the U.S. stock market closes on October 20, with an audio livestream starting at 3:30 p.m. Central Time. The private company holds 8,285 BTC on its books, acquired at around $31,000 per coin. Since they’re reported at fair value, unrealized gains will flow directly into its earnings.
What will really move the market isn’t the paper profit, but whether SpaceX has sold any of its holdings—and whether BTC could be included in the collateral pool for Starship or Starlink assets. If it holds steady, BTC may keep grinding within its choppy range below the key round-number level. Market-making depth around $96,000 is substantial, so any sharp wick down could be quickly bought back up. But if the livestream mentions any selling, coins like DOGE—which track Musk sentiment closely—could get hit first, shedding 5–8%. ETH tends to follow BTC’s beta, though its losses may be relatively more contained. Traders shorting ahead of the earnings report are watching for one phrase in particular: “digital asset holdings.”
To those holding DOGE: what’s your cost basis, and would you dare to trim half your position before this earnings window?
$BTC $DOGE $ETH
SpaceX is set to release its Q3 results after the U.S. stock market closes on October 20, with an audio livestream starting at 3:30 p.m. Central Time. The private company holds 8,285 BTC on its books, acquired at around $31,000 per coin. Since they’re reported at fair value, unrealized gains will flow directly into its earnings.
What will really move the market isn’t the paper profit, but whether SpaceX has sold any of its holdings—and whether BTC could be included in the collateral pool for Starship or Starlink assets. If it holds steady, BTC may keep grinding within its choppy range below the key round-number level. Market-making depth around $96,000 is substantial, so any sharp wick down could be quickly bought back up. But if the livestream mentions any selling, coins like DOGE—which track Musk sentiment closely—could get hit first, shedding 5–8%. ETH tends to follow BTC’s beta, though its losses may be relatively more contained. Traders shorting ahead of the earnings report are watching for one phrase in particular: “digital asset holdings.”
To those holding DOGE: what’s your cost basis, and would you dare to trim half your position before this earnings window?
$BTC $DOGE $ETH