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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the growing confidence of major tech firms in digital assets as a treasury reserve, SpaceX disclosed holding 18,712 BTC ahead of its anticipated initial public offering. According to reports, this disclosure aligns with a broader trend where public companies added a total of 43,557 BTC to their balance sheets during the month of May. This strategic positioning aims to bolster the company's financial profile before transitioning to a public entity, following the lead of major corporations in adopting digital asset treasuries.
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Sign InThis disclosure places SpaceX among the top institutional holders of Bitcoin, a trend currently led by MicroStrategy, which holds over 214,000 BTC per market data and recent financial filings. Search data indicates that SpaceX's holdings are valued at over $1 billion at current market prices, potentially enhancing the company's valuation ahead of its IPO. This institutional momentum coincides with robust inflows into Bitcoin ETFs, which continue to provide a floor for the digital asset's price stability above key support levels.
Monitoring market performance, MicroStrategy (0A7O.L) closed at $119.04 on June 10, 2026, hitting a session high of $119.04. Traders are closely watching for further updates regarding SpaceX's IPO timeline and broader macroeconomic data that could impact risk appetite. Technically, the $116.26 level (the low on June 10) serves as a near-term support for stocks closely correlated with the performance of the cryptocurrency market.