SpaceX officially becomes 8th largest public Bitcoin holder with 18,712 BTC
SpaceX entered the public market as one of the biggest corporate Bitcoin holders on the planet.
The aerospace giant, which debuted on Nasdaq this morning under SPCX, disclosed 18,712 BTC worth roughly $1.2 billion on its balance sheet, placing it eighth among publicly traded companies by Bitcoin holdings.
The ranking puts SpaceX ahead of several crypto-native firms, including Coinbase Global, Riot Platforms, and CleanSpark, as well as Tesla, Musk’s other trillion-dollar company, which has held 11,509 BTC since late 2024.
Unlike several firms that piled into Bitcoin recently, SpaceX accumulated its position over time at an average cost of roughly $35,000 per coin, leaving it deep in the green on paper.
Musk-controlled companies now hold 30,221 Bitcoin. That aggregate position would rank fifth among the world’s largest public corporate Bitcoin holders.
SpaceX shares changed hands at about $164 at press time, up 21% from the company’s $135 debut price, while Tesla shares edged lower in tandem with the massive capital rotation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Computing Power Construction Shifts from "Lack of Electricity" to "Lack of Talent": Modularization Rises, Schneider, Vertiv, Eaton Embrace New Opportunities
Bernstein recently released a research report stating that, amid the rapid expansion of AI computing power, the main constraint affecting the development of data centers is undergoing a shift.
Zcash slides from $1,300, risk of $850 pullback before new rally
Unafraid of oil prices, long-term debt, and rate hikes! Multiple Wall Street institutions remain bullish on US stocks; Yardeni downplays concerns over AI slowdown
Most Wall Street strategists still believe that as long as the pace of interest rate hikes is moderate, corporate earnings remain strong, and inflation does not become unanchored, the US stock market bull run is expected to continue.
Amonyx predicts $40 XRP price as Grok analysis sparks debate
Crypto prices
More
