25% of top firms now hold bitcoin on balance sheets
SpaceX has debuted on Nasdaq with a $1.75 trillion IPO, becoming the world’s eighth-largest public bitcoin holder.
The company holds 18,712 BTC on its balance sheet.
This development increases the number of elite companies holding bitcoin, with 25% of the ‘Mag8’ firms now having the cryptocurrency on their balance sheets.
The ‘Mag8’ group includes companies like Apple, Microsoft, and Tesla, with SpaceX being the newest addition.