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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.
Update: Recent projections suggest SpaceX's market capitalization could hit $2.4 trillion upon its IPO, potentially acting as a 'stress test' for Bitcoin's price. Analysts indicate that the sheer scale of this valuation, combined with the company's BTC holdings, could trigger significant volatility in the digital asset market surrounding the public debut.