SpaceX Becomes Eighth Largest Public Bitcoin Holder with 18,712 BTC After IPO
By
Antonio Pequeño IV
A respectable bake. You'd come back tomorrow for another.
Summary
SpaceX became the eighth largest public Bitcoin holder following its IPO, holding 18,712 BTC worth approximately $1.2 billion. The aerospace company's Bitcoin reserves surpassed those of cryptocurrency broker Coinbase. SpaceX's stock surged over 20% during its historic opening day. The disclosure came from SpaceX's proxy filing and data from BitcoinTreasuries.net. This positions SpaceX alongside Tesla (also led by Elon Musk) as one of the major corporate Bitcoin holders.
Key quotes
· 3 pulledSpaceX is now the eighth largest public bitcoin holder with 18,712 BTC on its balance sheet, according to its proxy and BitcoinTreasuries.net.
The SpaceX bitcoin reserves had a value of about $1.2 billion at noon EDT.
Combined with Musk's Tesla, Elon Musk's mega-company holds more Bitcoin than cryptocurrency broker Coinbase.
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