Saylor Highlights Bitcoin Adoption Post SpaceX IPO
Michael Saylor, co-founder of Strategy, announces that 25% of the 'Mag8' firms now hold bitcoin on their balance sheets, following SpaceX's IPO. He congratulates Elon Musk on the debut which established SpaceX as the eighth public bitcoin holder. This development was reported by CoinDesk on June 13, 2026.
Michael Saylor, chairman of Strategy, recently stated that following SpaceX's debut on the Nasdaq, 25% of what he refers to as the "Mag8" now holds bitcoin on their balance sheets. This announcement came in a congratulatory message to Elon Musk on SpaceX's successful IPO, which was noted for being the largest public offering in history, amounting to $1.75 trillion.
The "Mag8" seems to be an extension of the "Magnificent Seven," a term commonly used to describe a select group of high-performing technology stocks which originally includes Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla. Saylor has added SpaceX as the eighth member of this prestigious group, highlighting its significance within the cryptocurrency landscape.
SpaceX now holds 18,712 bitcoins on its balance sheet, making it the eighth-largest public bitcoin holder, while Tesla holds 11,509 bitcoins. Strategy, Saylor's company, remains the largest corporate holder, with 845,256 bitcoins valued at over $54 billion.
This latest development reflects an increasing trend among major corporations to integrate bitcoin into their financial assets. Saylor pointed out that both Tesla and SpaceX held bitcoin prior to this public offering, indicating a broader acceptance of cryptocurrency at the highest levels of corporate governance.
As more companies in Saylor’s Mag8 adopt bitcoin, it raises questions about the potential influence of cryptocurrencies on traditional markets and whether this trend will continue. Observers will be watching to see how SpaceX's IPO affects similar companies and the cryptocurrency adoption rates among other firms in the tech industry.
Summary based on original reporting by Omkar Godbole at CoinDesk, originally published Jun 13, 2026. SolanaWire does not republish source content.
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