Michael Saylor: SpaceX IPO cements Bitcoin’s place in tech treasuries

SpaceX’s entry into public markets has brought its corporate treasury strategy into sharper focus. According to data from BitcoinTreasuries, the aerospace firm holds 18,712 BTC, while Tesla accounts for 11,509 BTC. Together, these entities control 30,221 BTC, a figure Saylor cites as evidence of shifting corporate norms among the world’s most influential technology firms.

SpaceX shares surged on their opening day, climbing 19% to close at $160.95 after peaking at $176.52. This performance pushed the company’s market capitalization above $2 trillion, signaling robust investor appetite. Beyond the immediate market reaction, the listing reinforces a broader trend of corporate Bitcoin adoption. Currently, 199 public companies hold approximately 1.26 million BTC, valued at roughly $80.56 billion.

Saylor’s own firm, MicroStrategy, remains the dominant institutional player with 845,256 BTC. While other corporations like Twenty One Capital and Metaplanet have intensified their accumulation strategies, the inclusion of SpaceX into the public sphere marks a milestone in mainstreaming crypto-assets. Despite this corporate momentum, Bitcoin itself remains volatile, trading near $61,242 amid ongoing macroeconomic uncertainty and Federal Reserve interest rate policy.