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Home/News/Michael Saylor says 25% of 'Mag8' companies now hold bitcoin after SpaceX IPO
CoinDesk·2d ago·positive

Michael Saylor says 25% of 'Mag8' companies now hold bitcoin after SpaceX IPO

Strategy chairman Michael Saylor noted that with SpaceX going public, 25% of his 'Mag8' group (Tesla and SpaceX) now hold bitcoin on their balance sheets. SpaceX is the eighth-largest public bitcoin holder with 18,712 BTC, while Strategy leads with 845,256 BTC worth over $54 billion.

  • Saylor coined 'Mag8' to add SpaceX to the Magnificent Seven after its $1.75 trillion IPO
  • Tesla and SpaceX, both led by Elon Musk, are the two Mag8 companies holding bitcoin
  • SpaceX is the eighth-largest public bitcoin holder with 18,712 BTC
  • Strategy remains the leader with 845,256 BTC worth over $54 billion
  • Tesla holds 11,509 BTC on its balance sheet
marketpeopleImpact 5/10
Why our editor rated this positive

Growing corporate bitcoin adoption among top public companies is a positive signal for mainstream acceptance of bitcoin as a treasury asset.

Read the full story at CoinDesk

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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