SpaceX reportedly holds $600 million in BTC, Morgan Stanley lowers fee rates for ETFs, Strategy Q1 books an unrealized loss of $14.5 billion

Mars Finance News, according to BBX data, today (April 13) the U.S. Senate resumed its full session after the Easter recess. Crypto concept stocks have maintained wide-range fluctuations under the dual variables of policy expectations and geopolitical pressure. The key developments are as follows:

SpaceX (not publicly listed)
According to on-chain data from Arkham Intelligence and a report by The Information dated April 11, SpaceX currently holds 8,285 BTC, with a market value of approximately $603 million. The assets are held in custody at Coinbase Global, Inc. ( NASDAQ: $COIN), an institutional custody platform, Coinbase Prime. For fiscal year 2025, it recorded a net loss of nearly $50 billion (compared with a profit of approximately $80 billion in the same period last year). On-chain data shows that this position has not changed since mid-2024. Please note that the above holdings data comes from a third-party on-chain tracking platform, and SpaceX has not officially disclosed the position through any official documents.

Morgan Stanley
Morgan Stanley Bitcoin Trust (NYSE Arca: $MSBT), a subsidiary of Morgan Stanley ( NYSE: $MS), was officially launched on April 8. The management fee rate is set at 0.14%, lower than BlackRock’s iShares Bitcoin Trust ( NASDAQ: $IBIT), which charges 0.25%. $IBIT Its current managed assets are approximately $550 million, making it the most liquid Bitcoin spot ETF in the market. Analysts note that the combination of $MSBT ’s low fee rate and Morgan Stanley’s large wealth management client network is a direct challenge to IBIT’s existing fund landscape, signaling that competition in the Bitcoin ETF market has officially shifted from a “market entry battle” to a “battle over fees and distribution.”

Strategy, Inc.
Strategy, Inc. ( NASDAQ: $MSTR) On April 6, Bloomberg disclosed that its Q1 2026 Bitcoin holdings recorded an accounting unrealized loss of approximately $145 million, which was the worst quarter for Bitcoin since 2018 (a decline of over 20% during the quarter). Even so, as of April 5, the company still held 766,970 BTC, with a total cost basis of approximately $58.02 billion (average price $75,644). During the period, it continued to purchase an additional 4,871 BTC. Founder Michael Saylor has not sold any of its holdings to date.