SpaceX Officially Joins Public Bitcoin Leaderboard as 8th Largest Holder With 18,712 BTC
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Elon Musk's SpaceX is set to begin trading on the Nasdaq under the ticker SPCX on Friday, officially joining the ranks of public Bitcoin treasury companies with 18,712 BTC worth roughly $1.29 billion, making it the eighth-largest corporate holder of bitcoin.
Key facts
SpaceX priced its shares at $135 on June 11, raising roughly $75 billion and valuing the company at about $1.75 trillion
SpaceX’s S-1 filing with the Securities and Exchange Commission first disclosed the 18,712 BTC position back in May, valued at approximately $1.29 billion at the time of filing
The listing, led by Goldman Sachs and Morgan Stanley, ranks as one of the largest stock market debuts in U.S. history, surpassing Saudi Aramco’s $29 billion IPO in 2019
The total cost basis was reported at $661 million, an average acquisition price of roughly $35,324 per coin, suggesting the company began accumulating Bitcoin in late 2023 or earlier
Summary
Elon Musk’s SpaceX launched trading on the Nasdaq today under the ticker SPCX, and it didn’t arrive empty-handed. The company officially entered the public Bitcoin treasury leaderboard as the 8th largest holder with 18,712 BTC, a position that had been building for years before its historic IPO debut confirmed the full size of the stash. SpaceX’s S-1 filing with the Securities and Exchange Commission first disclosed the 18,712 BTC position back in May, valued at approximately $1.29 billion at the time of filing. The total cost basis was reported at $661 million, an average acquisition price of roughly $35,324 per coin, suggesting the company began accumulating Bitcoin in late 2023 or earlier.