Michael Saylor hailed SpaceX’s blockbuster IPO as another milestone in corporate Bitcoin adoption, arguing the listing pushes BTC onto the balance sheets of “25% of the so‑called Mag 8.”
In a June 13 post on X, the MicroStrategy chairman congratulated Elon Musk and “SPCX” after SpaceX’s highly anticipated public debut. Saylor’s point: with Tesla and SpaceX both disclosing sizeable Bitcoin treasuries, one-quarter of the informal “Mag 8” cohort of major tech firms now includes BTC among its corporate assets.
Key figures
- SpaceX: 18,712 BTC (BitcoinTreasuries)
- Tesla: 11,509 BTC
- Combined: 30,221 BTC
- MicroStrategy: 845,256 BTC (largest public corporate holder)
SpaceX’s shares jumped as much as 31% intraday to $176.52 before settling at $160.95, still 19% above the $135 IPO price. The pop briefly lifted SpaceX’s market cap above $2 trillion, underscoring strong investor appetite for one of the year’s most watched listings.
Why it matters
Saylor has spent years promoting Bitcoin as a corporate treasury asset through MicroStrategy, which remains by far the largest public corporate holder of BTC. SpaceX’s public listing — while already carrying a large Bitcoin position — makes corporate Bitcoin exposure more visible to mainstream markets and highlights a trend that’s broadened beyond early adopters.
Corporate adoption is growing: BitcoinTreasuries reports about 1.26 million BTC held by public companies (roughly $80.56 billion) across 199 firms, with aggregate holdings up about 3% over the past 30 days. Other notable holders include Twenty One Capital (43,514 BTC), Metaplanet (40,177 BTC) and MARA Holdings (35,303 BTC). BitcoinTreasuries ranks SpaceX eighth among public Bitcoin treasury holders.
Market snapshot
At press time, Bitcoin (BTC) traded near $61,242 (crypto.news), down about 3.1% in 24 hours and 8% over the past week — and roughly 51.4% below the reported record high of $126,080 as investors weigh macro uncertainty, rising Treasury yields and Fed policy expectations.
Disclosure: This article is for informational purposes only and does not constitute investment advice.
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